ECONOMY

More confusion over receipts

The government is trying to roll back its announcements concerning the measure for the collection of receipts, with the Finance Ministry creating more confusion on Wednesday.

Minister Evangelos Venizelos had suggested on Tuesday that taxpayers would this year need to collect receipts amounting to 50 or 60 percent of their annual income, just three months before the end of the year.

However, the ministry?s general secretary, Ilias Plaskovitis, told Skai TV on Wednesday morning that the percentage required will increase from 25 percent (the amount required today), but not by as much as Venizelos had said. Later in the day ministry sources said there would be no change for this year but that anyone collecting less than 25 percent will pay an additional 10 percent penalty on the difference.

From next year, taxpayers will have to account for all their transactions, including payments to utilities, bank deposits and so on.