Income tax

With the final deadline for submission of income tax statements at 3 p.m. Thursday, tax authorities announced that additional tax payments - beyond tax withheld at source, mostly for salaried employees and pensioners - was 12.5% higher than last year.

Rough estimates of tax evasion put it at between €8-10 billion. But recent data show that tax compliance is increasing, which accounts for higher than expected revenue in the first seven months of the year.

Data also show that compliance is higher among businesses than among individuals.

The Single Property Tax (ENFIA) pay slips for over 7 million property and business owners have been posted on the myAADE digital portal for the financial year 2023.

The Finance Ministry and the tax administration are looking for solutions so that professionals stop hiding their actual incomes - i.e. taxable material - through fictitious expenses. 

A new, favorable tax regime with lower rates has attracted more than 4,500 workers from abroad to work in Greece, many of whom are Greeks who left during the financial crisis in the previous decade. 

Freelancers representatives stated that their members are dissatisfied with the adopted legal solutions that are meant to resolve their status, although the state adopted the regulations in the agreement already made with freelancers after years of negotiations, causing aggravation and condemnation of regular taxpayers.

There are more than 1,000 persons from abroad, who transferred their tax residence to Greece after the provision of tax incentives that provide for the payment of half income tax and half solidarity contribution for 7 years.

The Confederation of Independent Trade Unions in Bulgaria insist that in 2022  minimum wage in the country should amount to BGN 764 and the average to be BGN 1,729.

Taxation is strangling the average Greek family. Taxes and insurance contributions reach 31.7% of the salary of an employee with two children in Greece, compared to 24.4% on average in OECD countries.

When amateur investors start trading with cryptocurrencies and making profits turns into a business, tax standards come into effect in this area as well.

Status of Cryptocurrencies in Slovenia