Sunday March 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Govt set to cut tax exemptions

By Prokopis Hatzinikolaou

The government is aiming to abolish all tax exemptions and the favorable status for specific regions of the country, a measure which will be applied retrospectively for incomes this year. It is also examining new ideas regarding tax brackets for salary workers and pensioners as well as the creation of different brackets for the self-employed.

The retrospective abolition of tax exemptions is expected to lead to an additional tax burden for salary workers and pensioners, who this year have been asked to pay taxes of more than 8 billion euros for their 2011 incomes. With the changes currently being planned, income tax will soar to about 9 billion euros, and all this in a period when the government is deciding in favor of new reductions to salaries, pensions and benefits.

The plan that the leadership of the Finance Ministry is preparing provides for the retrospective cutting of expenditure exemptions from the income tax of taxpayers (not including companies), and the abolition of discounts and other favorable clauses for border and island regions.

ekathimerini.com , Friday October 12, 2012 (21:19)  
Fitch downgrades Greece amid bailout uncertainty
Bank accounts continue to bleed
Hania and Athens are the top picks for Easter visitors
Landlords to pay tax on unpaid rent
Moscow expects progress from Tsipras visit
Prime Minister Alexis Tsiprass planned visit to Moscow on April 8 will be a big event in the course of relations between Greece and Russia, according to the Russian ambassador in Athens, ...
Another suspect eyed in prison breakout plan
Police are on the trail of a criminal who is alleged to have played a part in supplying the weapons November 17 terrorist Christodoulos Xeros and other accomplices were due to use to help Co...
Inside News
BASKETBALL
Greens live dangerously in Istanbul
Panathinaikos played with fire in Istanbul, but still managed to beat Galatasaray 86-84 on Friday and climb to the third sport of its group two games before the end of the Euroleague top-16....
SOCCER
Greek federation backs injured Holebas
The Greek soccer federation on Friday insisted that international defender Jose Holebas had been dropped from team training in Austria because of injury and not for any other reason. Media r...
Inside Sports
COMMENTARY
Lets change the subject
Lets talk about the weather. The cloudy skies, the rain, storms and humidity, the overall heavy atmosphere. Its better to think of that than politics and politicians, whatever cuts they ma...
EDITORIAL
Too little, too late?
Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Mon...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Moscow expects progress from Tsipras visit
2. Another suspect eyed in prison breakout plan
3. Eurogroup unlikely to be held soon to discuss Greek reforms
4. Disabled convicts to be freed early
5. Greek energy minister starts two-day visit to Russia on Monday
6. Opposition tells Tsipras to get control of his party
more news
Today
This Week
1. Eurogroup unlikely to be held soon to discuss Greek reforms
2. Moscow expects progress from Tsipras visit
3. Another suspect eyed in prison breakout plan
4. Fitch downgrades Greece amid bailout uncertainty
5. Opposition tells Tsipras to get control of his party
6. Let's change the subject
Today
This Week
1. Next Monday is D-Day for state funds
2. PM faces Merkel amid race to detail reforms
3. Some more equal than others
4. Greece to present reforms by Monday, says gov't spokesman [Update]
5. Looking at the Chinese model
6. Greece optimistic on deal with euro area next week
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.