Self-employed} professionals will first have to pay the tax based on their presumed income before requesting an audit from the tax authorities and disputing the amount charged to them.
FINANCE
The Economic and Financial Affairs Council (Ecofin) of EU finance ministers on Friday adopted implementing decisions approving the amended Recovery and Resilience plans of Greece and another 12 countries (Belgium, Bulgaria, Croatia, Cyprus, Finland, Germany, Hungary, Ireland, Italy, Latvia, Poland and Romania).
In a maneuver to bolster economic collaboration, Cyprus and France are gearing up to sign a pivotal convention on Monday in Nicosia
The tax bill was passed by the plenary of the Parliament on Thursday, which means that professionals will be taxed for the year 2023 in a presumptive manner.
The tax administration will invite more than 20,000 taxpayers to explain how they are able to spend more than they earn in early 2024.
Alternate National Economy and Finance Minister Nikos Papathanasis on Friday signed a decision for the inclusion of the “Digital transformation of the Greek National Tourism Organization (GNTO)” in the projects financed by the Recovery and Resilience Fund.
More than three out of every seven public contracts are awarded following procedures in which there was only one tender, and even when there is more than one tender the average per procedure is only 2.6 participants.
The collection of fines, penalties and charges that have already been imposed or will be imposed on businesses and individuals in 2024 is estimated at 1 billion euros.
According to the latest figures from AADE, 230,180 citizens have downloaded the Appodixi app.
The Public Debt Management Agency announced it will auction 52-week treasury bills on Wednesday to the amount of 375 million euros, in book entry form, with maturity on December 6, 2024.
The famous “cushion” of 37 billion euros will very soon start to “deflate” until it is reduced to around €12-13 billion, in about three years.
The government is proceeding with the expansion of card terminals (POS) in 35 sectors of the Greek economy from January 1, 2024.
The National Economy and Finance Ministry is giving taxpayers who want to close any tax cases pending in the courts with favorable terms and summary procedures the chance to do so, by extending the operation of the out-of-court resolution committee for tax disputes.
As of January 1, 2024, any property buyer insisting on paying for a realty asset in cash will face a fine of up to 500,000 euros and the cancellation of the contract.
The Cyprus Fiscal Council has been taking a close look at how the Cypriot economy is doing.
Authorities are scrambling not to lose European funding of the public-private partnership (PPP) for waste management in the Peloponnese region.
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