Saturday April 18, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Taxpayers to be billed in advance

By Prokopis Hatzinikolaou

Pensioners and salary workers who make as little as one euro in annual revenues from properties or freelancing will have to pay a tax deposit equal to 55 percent of their income for the following year, according to officials at the Finance Ministry.

The officials add that the income tax is a single charge, and if it stems from two or more sources of revenues (i.e. salaries or pensions plus freelancing or properties), the tax paid in advance for next year will amount to 55 percent of the total tax paid for this year.

Salary workers and pensioners with just one source of income, as well as some self-employed, will be exempted from having to pay a tax deposit for the following year.

For the 2013 financial year, the income tax of which is to be paid later this year, there are different tax rates for incomes from salaries, pensions, rents and freelancing.

For example, a salary worker with an annual income of 20,000 will pay 2,300 euros in tax (given the tax discount of 2,100 euros). If he also has an income from properties amounting to 12,000 euros per year, he will pay tax of 1,200 euros for that – i.e. a total of 3,500 euros. On top of that this year he will also have to pay a 55 percent deposit on next year’s tax, bringing the sum to 5,425 euros. When the solidarity levy of 640 euros for the above incomes is added, the total tax to be paid this year will reach 6,065 euros, which is over a fifth of his annual income. readers are reminded that the solidarity levy amounts to 1 percent of incomes between 12,001 and 20,000 euros and 2 percent for incomes between 20,001 and 50,000 euros.

Still, accountants, tax officers and MPs from the two governing parties have raised the issue of the high tax demands with the Finance Ministry, although they are yet to receive a response. The questions have been forwarded to the ministry’s political leadership.

ekathimerini.com , Thursday February 13, 2014 (22:43)  
ECB examines possible Greek IOU currency in case of default, sources say
New bank programs to contain bad loans
Industrialists warn on mine intransigence
Early Easter boosts job hirings
Krugman advises against ‘nightmare’ euro exit
Economist and New York Times columnist Paul Krugman spoke at the Athens Concert Hall on Friday. Although Krugman was critical of the way that the eurozone has handled Greece’s crisis, he adv...
Brussels Group due to meet in wake of Obama’s call for Greek reforms
Greece and its lenders are due to get back down to business on Saturday with a meeting of the Brussels Group that Athens hopes will result in an interim agreement by the end of the month at ...
Inside News
BASKETBALL
Triumph for Olympiakos at Barcelona
Olympiakos produced its best away performance so far this season to defeat host Barcelona 76-63 on Friday and snatch the home advantage in the Euroleague play-offs. The Reds have now tied th...
BASKETBALL
Another heavy loss for improved Panathinaikos in Moscow
Panathinaikos raised its performance since Tuesday but still suffered a 20-point loss at CSKA Moscow on Thursday to find itself trailing 2-0 after Game 2 of the Euroleague play-offs. Having ...
Inside Sports
COMMENTARY
The Armenian genocide and Hagia Sophia
Pope Francis’s declaration that the slaughter of Armenians by Ottoman forces 100 years ago was “the first genocide of the 20th century” will hasten the conversion of the Hagia Sophia museum ...
EDITORIAL
Crime against education
The government’s plans for Greek state universities are nothing short of criminal. It took decades for us to mature enough as a society and for Parliament to accept, with an unprecedented ma...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Triumph for Olympiakos at Barcelona
2. Krugman advises against ‘nightmare’ euro exit
3. Brussels Group due to meet in wake of Obama’s call for Greek reforms
4. Crackdown on uni sit-in deepens rifts in SYRIZA
5. Greece, Cyprus hope for progress in peace talks
6. Komotini mosque damaged by fire, arson suspected
more news
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Putting off payments led to Q1 budget primary surplus
3. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
4. Greek finance minister says cannot sign existing loan deal
5. Greece enters twilight zone as visions of euro exit take shape
6. Fourteen face charges after police enter Athens University grounds, ending sit-in
Today
This Week
1. Greece and lenders head back to technical talks
2. Quarantine for Greek bank subsidiaries in neighboring countries
3. Contraband is big business in Greece
4. FYROM push expected at EU meeting
5. Islands of eastern Aegean struggle as migrant influx triples
6. Greek finance ministry hits back at German newspaper report
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.