Tax incidence
Corporate expenses under strict monitoring
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.
- Read more about Corporate expenses under strict monitoring
- Log in to post comments
Environmental tax receipts down by almost a fifth in 2020
Ljubljana – Environmental taxes paid into the national budget amounted to EUR 1.309 billion in 2020, 18.4% less than in the year before. Energy taxes represented more than four-fifths of the overall tax take, while almost two-thirds of total taxes was paid by households.
Draft bill provides tax incentives for foreign investments
A reduction in business tax from 28 to 24 percent for 2019 and incentives to link large investments to a reduction in taxable foreign income are some of several incentives for investments are some of the measures the government is seeking to introduce in a new draft bill that was presented for public consultation late on Thursday.
Tax breaks coming in 2020
Salaried workers, pensioners and self-employed professionals will see significant reductions in their tax bills in 2020, according to a draft law that reduces the lowest income tax bracket to 9 percent from 22 percent for incomes up 10,000 euros, maintains the income tax-free ceiling at 8,636 euros per year and offers deductions for families with children.
- Read more about Tax breaks coming in 2020
- Log in to post comments
No tax cuts without plan
Having hit the ground running, Greece's conservative administration is eager to show that it is already working to cut tax rates - which was one of its main campaign pledges.
Nevertheless, there are signs that certain government officials themselves are nourishing - and cultivating among the public - excessive expectations.
- Read more about No tax cuts without plan
- Log in to post comments
Adjustment in store for rental income rates
Tax rates for conventional property rental revenues are set for an adjustment, provided the Finance Ministry makes a calculation of the cost of its interventions for the next few years. At the focus of attention is the medium bracket of incomes that incurs a particularly high tax rate of 35 percent.
- Read more about Adjustment in store for rental income rates
- Log in to post comments
Why Bulgaria Could Appeal to Gambling Titans
In many ways, the iGaming market in the UK is the most mature and lucrative in the whole of Europe. It certainly boasts an incredible regulatory framework, for example, whilst producing an impressive gross gaming yield (GGY) of £14.5 billion in the year ending September 2018.
- Read more about Why Bulgaria Could Appeal to Gambling Titans
- Log in to post comments
Supplementary property tax threshold likely to be raised
The adjustment of the property prices used for tax purposes (known as "objective values") and the creditors' strong opposition to government plans to shift the tax burden from owners of small properties to those with large properties is opening the door to a reduction of the burden on those with assets worth over 200,000 euros.
Twenty percent of taxpayers paid 80 pct of taxes in 2015, survey shows
The large divergence in the degree to which tax burdens are distributed among Greeks is revealed in a recent survey conducted by Greek think tank IOBE for the research center diaNEOsis.
Creditors block gov't plan to hike the supplementary property tax
Greece's creditors have blocked the government's plans to increase the tax load on owners of medium-sized and large property. According to sources, the government had intended to shift the new burden resulting from the adjustment of the taxable property rates to 500,000 owners with assets adding up to over 200,000 euros.