Income tax

By Prokopis Hatzinikolaou

The government is considering an increase in the number of installments allowed for the payment of the new Single Property Ownership Tax (ENFIA) for 2014 and to reduce its size from 2015 if the amount taxpayers are asked to pay exceeds that provided for by the budget.

By Prokopis Hatzinikolaou

Some 200,000 taxpayers are still waiting for their income tax declarations, which were submitted in time, to be processed, while a number of other problems are putting the payment of the first tranche, by July 31, in jeopardy for many.

By Prokopis Hatzinikolaou

The Finance Ministry is seriously considering allowing taxpayers to submit their income tax declarations after the official deadline without having to pay the fines that the law currently provides for.

The Finance Ministry said on Monday that there would be no new extension for income tax declarations, even though some 1 million Greeks have yet to submit their forms.

The original deadline was extended by two weeks to Monday, July 14 but the ministry said there would be no further delays.

By Thanos Tsiros

Greek enterprises will have to pay more than twice as much corporate income tax this year as in 2013, as the Finance Ministry has issued demands for 3.8 billion euros to the 230,000 companies that have submitted their declarations – i.e. a 125 percent increase from last year.

The government plans to lift tax exemptions on businesses in historical places as part of a vast omnibus bill despite the Culture Ministry’s objections.

Fiscal Council sceptical about tax breaks for employers

BELGRADE -- The proposed tax incentives will not help resolve the issue of unemployment or deliver a major blow to the gray economy, the Fiscal Council has said.

BELGRADE - The proposed changes stipulating that employers will be temporarily exempt from paying a part of the income tax and contributions for newly hired people will not help resolve the issue of unemployment or deliver a major blow to the grey economy.

By Prokopis Htazinikolaou

Just 12.5 percent of taxpayers have submitted their income tax declarations to date, with just 40 days remaining to the deadline for the filing of the electronic forms. It appears that most taxpayers have chosen to wait until the final hour on June 30 or may be hoping for an extension.

BELGRADE - The Serbian government adopted on Thursday several bills, including amendments to the law on income tax for citizens, in order the reform the business environment.

According to the government information service, the bills include employment tax reliefs meant to combat the gray economy.