Tax

The Economy and Finance Ministry has submitted to Parliament a draft taxation bill that foresees the establishment of a minimum tax rate of 15% for large multinational companies as well as large Greek groups.

The bill belatedly transposes a relevant European Union directive, that entered into force on January 1, into Greek legislation.

According to data released by the Treasury and Finance Ministry, the treasury cash balance posted a deficit of 198 billion Turkish Liras ($6.2 billion) in February.

Cash revenues rose from 208 billion liras in February 2023 to 563 billion liras last month, while expenditures leaped 100 percent to 761 billion liras.

Tax inspections will be speeded up in order to avoid issues of limitations, the Finance Ministry has decided.

Kathimerini understands that Deputy Finance Minister Haris Theoharis considers limiting tax investigations to one year, except for some more complicated cases regarding large businesses, including multinationals.

Three new bills, in addition to the new fiscal framework, are being prepared for submission to Parliament within 2024, National Economy and Finance Minister Kostis Hatzidakis revealed on Tuesday, while speaking at the Real Investment Summit 2024.

Taxpayers and businesses will be able to issue invoices and consignment notes through their cellphones, while at the same time they will be able to make tax payments.

Essentially, the company's accounting will be in an app designed by the Independent Authority for Public Revenue (AADE), which will be activated within the year.

Eleven codes of the basic tax declaration form E1 will be pre-filled this year for 1 million salary workers and pensioners without income from other sources of real estate or securities, so that the declaration is ready for submission. In essence, the above will not need to fill in anything themselves unless there is a change that the tax office is not aware of.

For those who still owe payment of the road tax, the government is imposing fines

Taxpayers play their part in imposing tax compliance by reporting tax evasion or by scanning receipts with their cellphones to verify whether the payment document they received is authentic and whether it has been forwarded to the tax administration.

The value of transactions with plastic money reached 62 billion euros in 2023, recording an increase of 15% compared to 2022, a rate that is expected to be maintained this year with a marginal slowdown, according to estimates by Mastercard, assessing the positive macroeconomic environment and, in particular, the universal mandatory introduction of point of sale devices (POS) in 35 new professio

Starting this morning, the city of Plovdiv commenced the distribution of free travel cards for public transport to students aged 7 to 14.

There were no reports of overcrowding at the service desks, where parents could obtain the new travel documents for their children.