ECONOMY

Nine in 10 Greek farmers declared incomes below 5,000 euros in 2014, ministry says

nine-in-10-greek-farmers-declared-incomes-below-5-000-euros-in-2014-ministry-says

Nine out of 10 farmers in Greece declared an annual income below the tax-free threshold of 5,000 euros in 2014, the Finance Ministry said on Tuesday.

According to the figures, 87.5 percent of the 532,917 taxpayers registered as farmers declared an income of 5,000 euros or less and just 5 percent claimed to have made more than 12,000 euros last year; 1.05 percent declared incomes of up to 30,000 euros and a mere 1 percent claimed to have made above that amount.

Of those who declared incomes below the tax-free threshold, 104,768 or 19.6 percent, declared no income or losses in 2014, the ministry said, while 233,674 claimed to have made up to 1,000 euros, representing 43.85 percent.

The total income declared by farmers in 2014 came to 1.3 billion euros, bringing the average per farmer at 2,518 euros for the entire year.

The figures were published as the government braces for a head-on collision with farmers over plans to increase their taxes.