Income tax

Non-salary costs in Greece are 10 percentage points above the mean rate of members of the Organization for Economic Cooperation and Development (OECD) and the European Union, according to the Bank of Greece's intermediary monetary policy report. It also stressed that the economy has not yet returned to normal as it is has not had access to money markets in a sustainable way.

In a report from May 2018, the OECD identified that only 14% of total tax revenues in Slovenia comes from income tax (the average in OECD countries being 25%), while it collects 40% from social contributions (the OECD average is 26%). According to their assessment, such a system increases the cost of work and discourages employers from hiring.

Greeks' debts to the state continue to grow, as households and enterprises remain unable to meet their tax obligations.

The same people who have shouldered the fiscal adjustment of recent years continue to pay the lion's share of taxes, with 90 percent of income tax paid by just 19 percent of the population, an event organized by the Economic Chamber of Greece (OEE) on the 2019 budget heard on Tuesday.

Less than a fifth of Greek taxpayers cover 90 percent of the income tax the Greek state receives every year, while just a few enterprises pay the bulk of corporate tax, an economists' conference on the Greek budget for 2019 heard on Tuesday in Athens.

Married couples will be able to submit separate income tax declarations next spring for their 2018 incomes, provided they submit an application to that effect to the Independent Authority for Public Revenue by February 28.

High income taxation rates, combined with "extraordinary" tax levies, such as the solidarity levy and the Single Property Tax (ENFIA), have exhausted Greek households, many of which are in a losing battle with the taxman as they helplessly watch their debts increase.

Bulgaria's President Rumen Radev on 13th of November vetoed the Corporate Income Tax Act by disagreeing with the provisions on:

Parliament has finally voted to change the concept of tax on cars and trucks with a maximum weight of up to 3.5 tonnes.

The Transitional and Concluding Provisions of the Corporate Income Tax Act provide for amendments to the Local Taxes and Fees Act, which provide for the tax on vehicles to be determined by a new formula comprising two components - property and environmental.

This fall has not started well for tax revenues, as Greek citizens' taxpaying capacity has been exhausted according to the income tax and Single Property Tax (ENFIA) payment figures issued by the State General Accounting Office on Wednesday.