Friday May 22, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
The last-minute changes to multi-bill that won deputies’ votes

By Dimitra Manifava and Prokopis Hatzinikolaou

A number of last-minute changes and some fine-tuning to the provisions of the multi-bill submitted to Parliament on Sunday were considered instrumental to its passage by a clear majority a few hours later. The main changes concern the milk reform, the capital gains tax, the retail price of books and Sunday opening for stores.

Pasteurized milk will have a shelf life of seven days instead of the original plan for nine and up from the five days the 1999 regulation provided for. Crucially, this seven-day period does not include the day the milk was pasteurized, as the five-day period applying to date had. This will apparently open the way for more milk imports but stops short of the original proposal for shelf life to be determined by the producer.

The new law makes it mandatory for milk packaging to clearly state the words “pasteurized milk,” the date of pasteurization, the expiry date, as well as the shelf life of the product.

The amendment has not yet received the green light from the country’s creditors and will be examined by their technical experts on April 10. However it appears to have been silently accepted by the creditors owing to fears of a parliamentary revolt that could have shaken the government.

On Sunday opening for stores, the final text changed the phrasing from “at least three” to “three” regarding the number of tourist destinations to be allowed to have stores opening on 52 Sundays per year in a pilot scheme. The floor on book prices will continue to apply not only for the first editions of Greek novels, plays, poetry and travel books, as the original text had provided for, but also translations into Greek of foreign books of the same nature, as well as children’s books.

The new law further states that salary workers and pensioners will not have to pay a 55 percent advance on their income tax if they also have revenues from property rentals, as the imposition of a tax deposit will be restricted to profits from business activity. Unpaid rent is exempted from taxable income for 2013 only, provided landlords have conceded to the state the right to collect the rents due.

The capital gains tax on property sales will not apply to real estate acquired before 1995, while for other properties the tax rate will depend on the way they were acquired in the first place, as owners receiving them as heirlooms will face a smaller capital gains tax than market buyers when they sell their assets.

ekathimerini.com , Monday March 31, 2014 (22:41)  
Car sales drop a gear on VAT rate uncertainty
Bulk of loan requests comes from food service
Greek yields climb after Riga summit
Georgios Michelis said to be next HFSF chief
Deal no closer following PM’s meetings in Riga
Athens believes that Greece could still clinch an agreement with its lenders but probably at the start of June, rather than by the end of this month as it had previously hoped, following the...
Greece to back NATO-led campaign against ISIS, Kammenos says
Greece will join the United States and other NATO members in efforts to defeat militants of Islamic State (ISIS), an issue which is expected to be discussed in the summit of the transatlanti...
Inside News
SOCCER
Greece escapes soccer suspension, FIFA happy with changes
FIFA says it is satisfied with changes made to sporting law in Greece, and has dropped a threat to suspend the country from international competition. In a letter to the government dated May...
SOCCER
Four-goal Panathinaikos thrashes Asteras away
Panathinaikos thrashed Asteras at Tripoli to gain an early advantage in the race for a spot in next season’s Champions League qualifiers, as the Super League play-offs got under way on Wedne...
Inside Sports
EDITORIAL
Consensus is key
The education bill that has been put forward by Greece’s leftist-led government has to be the subject of extensive public consultation. Even more importantly, it needs to be approved in Parl...
COMMENTARY
The other inequality: how the state spends our money
Growing inequality between rich and poor across the world has rightly become the focus of much investigation and analysis. The Organization for Economic Cooperation and Development underline...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Deal no closer following PM’s meetings in Riga
2. Greece to back NATO-led campaign against ISIS, Kammenos says
3. SYRIZA, ND waver over agreement
4. Nearly 800 irregular migrants detained as EU mulls refugee relocation plan
5. Car sales drop a gear on VAT rate uncertainty
6. Bulk of loan requests comes from food service
more news
Today
This Week
1. Merkel stamps out brief optimism on Greece after Tsipras talks
2. Lessons from Israel’s tech miracle
3. Tsipras to meet Juncker on second day of Riga summit
4. Civil aviation staff to hold walkout on holiday weekend
5. Banks will be asked to revise their restructuring plans
6. EOPYY struggles for funding, sees overdue debt rise
Today
This Week
1. The Greek-German breakthrough that didn’t come
2. Conspiracy madness
3. Phony dilemma
4. Greece came close to not paying IMF
5. National self-awareness put to the test
6. Albanian demarche raises concerns about possible territorial claims over Greece
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.