TAXATION

solidarity-levy-abolition-plan
FINANCE

The solidarity levy may be suspended for all taxpayers next year, a top Finance Ministry official said on Thursday, conceding that this can only happen if there is ample fiscal space and the economy picks up toward the end of this year.


The director of the Independent Authority for Public Revenue, Giorgos Pitsilis.
E-BOOK KEEPING

The Independent Authority for Public Revenue’s MyData application for online bookkeeping is bringing an end to the submission of value-added tax declarations.

priority-on-fiscal-caution
FINANCE

The fiscal impact of the pandemic continues to worry the Finance Ministry, which will be exercising extreme caution in how both favorable interventions at the processing of income tax declarations and support for the restart of the economy are implemented.

who-benefits-from-the-solidarity-levy-cut
TAXATION

The maintenance of the escape clause from the high primary surplus target for next year as well has allowed the government to continue to hold off the solidarity levy for private sector salary workers, freelance professionals, landlords and dividend recipients.


rush-to-clear-rental-backlog
PROPERTY TAXATION

The tax administration is rushing to process 570,000 declarations of reduced rental revenues submitted by landlords for the period from March to December 2020.

solution-on-unpaid-rent-tax
PROPERTY TAXATION

The Finance Ministry is seeking a solution to the major problem of rents that were not collected in 2020, as thousands of landlords have not received their tenants’ dues, which may run up to the entire year’s takings, due to the pandemic.


preventing-post-lockdown-tax-evasion
FINANCE

The tax administration is set to focus its inspection activity this year on probing cases involving a high degree of violation of tax laws and transactions within the European Union, upon the orders of a prosecutor.

landlords-to-get-cases-settled
RENTED PROPERTY

Property owners who have not yet been compensated by the state for their losses from reduced rents in March-December 2020 will be able to find out what their next steps ought to be to get their dues via a special platform that Finance Minister Christos Staikouras announced on Friday.



intent-on-labor-cost-reduction
TAXATION

The government is determined to continue along the path of tax cuts, with an emphasis on reducing the load on labor – mainly salaried employment – the chief economic adviser to the prime minister, Alex Patelis, confirmed on Thursday.

five-measures-to-help-firms-and-households
ECONOMY

As the health crisis affects the entire economy, the government is preparing its next moves that will lead to an increase in the disposable income of enterprises and households through the suspension of taxes and the arrangement of debts created in 2020, as well as additional tranches for the payment of this year’s income tax and Single Property Tax (ENFIA).

no-solidarity-levy-in-2022-either
FINANCE

Private sector salary workers, freelancers and self-employed professionals, as well as those with revenues from rents and dividends, will also be spared next year’s solidarity levy on their 2021 incomes.


income-tax-statements-from-april-1
TAXATION

The plan of the Independent Authority for Public Revenue is to open the platform for the submission of 2020 income tax declarations on April 1, although the date has not been officially confirmed yet.

additional-contributions-for-freelance-professionals-in-salaried-employment
TAXATION

Freelance professionals who are also in salaried employment, including those who work for one employer exclusively, issuing service invoices (“blokaki”) for their salary, will under certain conditions be asked to pay additional social security contributions applying retroactively from January 2020.

all-handouts-to-be-tax-exempt
TAXATION

The tax administration on Wednesday announced the full exemption from income tax and the solidarity levy of all means of state support provided in the context of the pandemic, such as the special-purpose compensation, the handouts, the income contributions, the rental cut compensation and all takings from the cheap state loans program.