Monday September 1, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Confusion over advance payment of income tax

By Prokopis Hatzinikolaou

Another clause in the new tax code is up for amendment after the Finance Ministry was hit with a barrage of complaints over the advanced payment of tax for certain taxpayers.

The original wording of the new regulation suggests that all salaried workers and pensioners will have to pay a 55 percent advance on their income tax. It is also unclear which economic year the regulation is referring to.

There are several problematic areas in the legislation, some of which run counter to the intentions of the ministry itself. The ministry said that it did not intend to impose the payment of more than half of the following years tax on all salaried workers and pensioners who also have revenues from freelance work or rented properties.

In a statement issued on Friday, the ministry clarified that the advance payment of tax will apply only to income from business activity. Nevertheless the existing law states the opposite, so the ministry will need to draft an amendment soon.

ekathimerini.com , Friday February 14, 2014 (22:06)  
Prospect of Greek grand prix back on the agenda; huge investment needed
Juggling lighter tax burden and fiscal targets
Government tries to get handle on NPLs
Fuel tax cut would spark illicit trade, says sector expert
Deputy Education Minister Koukodimos resigns
Deputy Education Minister Costas Koukodimos has resigned from his post citing personal reasons. In a statement released Monday, Koukodimos said he would continue to support the conservative-...
Excavation work at Amphipolis reveals section of marble mosaic floor
Excavation work at the site of Ancient Amphipolis, in central Macedonia, has revealed a mosaic of random while marble pieces against a red background, the Ministry of Culture has said. The m...
Inside News
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
SOCCER
Tough draw for Greek sides in Europa League group stage
Following Thursday nights high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
Inside Sports
COMMENTARY
A great president
I fully understand the countrys need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
EDITORIAL
Dont feed the zombies
There can be no growth without resolving the issue of nonperforming business loans. However, the solution to this problem should not be based on old establishment criteria, such as political...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Deputy Education Minister Koukodimos resigns
2. Excavation work at Amphipolis reveals section of marble mosaic floor
3. Greek officials meet to fine tune strategy for Paris talks with troika
4. Fulham striker Mitroglou set to re-join Olympiakos
5. Large fire in Crete brought under partial control
6. Prospect of Greek grand prix back on the agenda; huge investment needed
more news
Today
This Week
1. A great president
2. Dont feed the zombies
3. Greek officials meet to fine tune strategy for Paris talks with troika
4. Excavation work at Amphipolis reveals section of marble mosaic floor
5. Deputy Education Minister Koukodimos resigns
6. Prospect of Greek grand prix back on the agenda; huge investment needed
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. The battle against progress
3. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.