ECONOMY

Earners of over 12,000 euros per year will see tax hikes

earners-of-over-12-000-euros-per-year-will-see-tax-hikes

Taxpayers with annual incomes of up to 12,000 euros will not have to pay any additional income tax, Alternate Finance Minister Tryfon Alexiadis promised on Tuesday, although he stopped short of shedding any more light on the new set of tax rates set to start applying from next year.

In an interview with the Athens-Macedonian News Agency, Alexiadis tried to banish talk that Greek taxpayers were set to be hit by a tax Armageddon, stressing that no new laws on taxes have been passed yet.

However, he did say that there may be some changes to the system of calculating road tax as of this year – the tax for 2016 that is due by December 31, 2015: “On road tax we may manage to introduce some changes from this year, as it is also a logistical issue we must take care of, so as to make the tax fairer and more proportionate,” Alexiadis stated.