Saturday October 25, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
More delays and red tape for companiesí tax rebates

By Prokopis Hatzinikolaou

The General Secretariat for Public Revenues has added one more bureaucratic obstacle to the efforts of cash-starved enterprises to secure liquidity, as a new regulation stipulates that they will have to wait an additional month for their income tax rebates and before that to submit a handwritten application for it at their local tax office.

A circular issued on Tuesday by General Secretary Katerina Savvaidou extends the waiting time for corporate income tax rebates from 60 to 90 days. It also says that companies will not be returned the money they are entitled to unless that have physically filed a request for the amount with their local tax office in advance.

According to sources, the Finance Ministry intends to extend this time-consuming and burdensome system to other areas such as value-added tax rebates.

This decision, meanwhile, comes just days after the European Commissionís Task Force for Greece highlighted in a report that one of Greek enterprisesí biggest problems is securing liquidity.

Nevertheless, state budget data have shown that in the first half of the year tax rebates came to just under 1.56 billion euros, beating the target originally set by the ministry by 96 million euros.

ekathimerini.com , Tuesday Jul 29, 2014 (23:06)  
TAIPED waits for green light from Eurostat
Trade deficit shrinks on big drop in imports
SMEs unable to claim subsidies
Taxes kept growing in second quarter
Athens, Nicosia satisfied by EU leadersī stance toward Ankara
A reference in Fridayís European Council conclusions calling on Turkey to respect Cyprusís sovereign rights left Athens and Nicosia content with the outcome of the European Union leadersí su...
Suspended policeman chief suspect in cousinís murder
A 27-year-old police officer who has been suspended from duty since 2013 for extortion, is being treated as the chief suspect in a murder committed in a suburb of Piraeus on Thursday. Police...
Inside News
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
Tension for tensionís sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has Ė and prevailed Ė if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. A win is a win is a win for Olympiakos
2. TAIPED waits for green light from Eurostat
3. Trade deficit shrinks on big drop in imports
4. SMEs unable to claim subsidies
5. Taxes kept growing in second quarter
6. Thessaloniki Port expects 2014 to be record year
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
4. ECB vies for third time lucky in European stress tests
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. ECB bank assessment to show 6-billion-euro capital gap, Citi says
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greeceís closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Samarasís crumbling Greek exit lacks backing from economists
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.