ECONOMY

Firms to get protected account also

firms-to-get-protected-account-also

The government is considering the possibility of granting protection from confiscation to one bank account of a business and special status to “fresh” deposits as incentives for the use of plastic money in transactions.

Alternate Finance Minister Tryfon Alexiadis spoke on Monday of the introduction of a protected account for enterprises, in the same way it works for salaried workers and pensioners, during a board meeting of the Hellenic Confederation of Commerce and Entrepreneurship (ESEE). The condition would be that the account in question is strictly corporate, with the ministry having full access to its details.

Sources say this measure will be included in the same bill introducing reforms to the tax system.

Meanwhile, sources who were at the ESEE board meeting added that the government is also considering the possibility of not imposing a limit on the amount that cannot be confiscated from those accounts – which for salaried workers and pensioners comes to 1,000 euros – but to set the protected level at a particular percentage rate of each company’s turnover.