Finance Ministry

The Industrial Development Bank of Türkiye (TSKB) has announced that it obtained a $155 million loan from the World Bank, with the guarantee of the Treasury and Finance Ministry, to establish the Türkiye Green Fund.

The National Economy and Finance Ministry has set up a committee to reform the system for the arbitrary determination of taxpayers' incomes through counting their property assets - known in Greek as "tekmiria" - planning for their average reduction by 30% in taxable value terms, as the government's pre-election program dictated.

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 minimum presumptive amount comes to 10,920 euros, which after 12 years of operation can rise to €14,196.

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, as the extensive cross-checking of over 3.8 million taxpayers with declared incomes below 10,000 euros has led to the detection of discrepancies between incomes and expenses.

The Finance Ministry's draft law "Measures to curb tax evasion" was approved by a majority vote in principle and on the articles on Thursday evening. It passed with the votes of 158 lawmakers for against 140 against. 

Türk Telekom is holding talks with a foreign company for an investment to develop new generation technologies, said Ümit Önal, its CEO.

This will mark a significant foreign direct investment and those tech products will be exported, Önal told a group of journalists without naming the potential foreign partner. But he said that the investment plans will be made public in two months.

Parliament has voted into law a Finance Ministry bill on measures to restrict tax evasion that introduces new regulations for freelancers and the self-employed.

All 158 MPs from ruling New Democracy voted for the bill in principle, while 140 voted against it.

Main opposition SYRIZA, PASOK and the Communist Party had requested roll-call votes in specific articles.

Prime Minister Kyriakos Mitsotakis on Wednesday defended the new tax bill prepared by the Finance Ministry, which introduces new rules for self-employed professionals, characterizing it as a "significant social justice reform."

Prime Minister Kyriakos Mitsotakis will address the Greek parliamentary plenary at 11 a.m. on Wednesday, during the debate on the National Economy and Finance Ministry's new bill on "Measures to Restrict Tax Evasion," introducing new regulations for self-employed professionals.

Prime Minister Kyriakos Mitsotakis will address the Greek parliament plenary on Wednesday, during the debate on the Finance Ministry's new bill on Measures to restrict tax evasion, introducing new regulations for freelancers and the self-employed.