Prime Minister Kyriakos Mitsotakis announced on Friday four new government initiatives meant to prop up hard-hit households and businesses, including an increase in the number of installments for income and property taxes and a small discount for the payment of annual tax dues in a lump sum ahead of the deadline for the first tranche.
Next week the Finance Ministry will announce the measures to support the landlords who have lost 40 percent of their rental revenues in March, April and May. Sources say the government is considering covering part of the losses through this year's tax declarations, while in 2021 they will only pay tax for the actual rent collected.
The Finance Ministry is planning to allow businesses and households to pay their incomes tax in more installments to make it easier for them to meet their obligations this year. If the plan is implemented, it will increase the tranches for companies from six to eight and for individuals from three to six.
The Social Democratic Party (PSD) acting chairman, Marcel Ciolacu, said on Thursday that "the government has introduced the coronavirus tax", handing out "at will" as many as 290,000 fines. "The government has issued the coronavirus tax. It issued 290,000 fines, but only carried out 175,000 tests and no one knows yet the exact number of people tested. Fines worth 570 million lei!
Prime Minister Kyriakos Mitsotakis underlined the government's determination to lower the tax burden in Greece, telling a conference on the "The Future of Retail" organized by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) that his first priority will be to "end the unacceptable tax siege" on individuals and business especially.