Tax

New exemptions in tax bill

New exceptions, after those announced 15 days ago, are being introduced to the presumptive way of determining incomes for the self-employed and for small enterprises. They were added by the Finance Ministry to the draft law put up for public consultation on Tuesday.

Pay rise won’t cut it to lure Greek professionals home

A pay rise alone is not enough to lure back scientists who emigrated during the financial crisis of the previous decade, according to the majority of participants of a conference on the challenges and opportunities for individuals, society and the economy by the National Documentation Center. 

Where do taxes go?

One of the pretexts for tax evasion is the - justified - mistrust in the administrative capacity of the state. That is why it is appropriate that every tax measure be taken with a guarantee of reciprocity. 

Do we like tax evasion?

Kostis Hatzidakis had made the war against tax evasion a priority before taking over the Ministry of Finance. It wouldn't be easy: There are a myriad of "clients" of the political system who are affected. Furthermore, if a war begins against the tax evasion of those who are easy to target, you never know where it might end up.

Tax registration numbers for minors

The Independent Authority for Public Revenue is proceeding with the automatic issuance of Tax Registration Numbers (AFM) to dependent children over the age of 12, while in a second phase AFMs will be granted to all minors from the age of 12 months (as they will have to be declared by the parents in the tax return).

Tax hubris or tax populism?

Since his return from the United States, Stefanos Kasselakis, the new leader of SYRIZA, has aimed to project a more distinct and serious image compared to that immediately following his election, which had been consistently highlighted on morning television programs.

Small firms declare no profit

More than 43,000 single-owner enterprises will fall into the trap of the "presumptive income," on which they will be taxed for the year 2023 in the new manner that provides for a minimum taxable amount of 10,920 euros, which could reach up to €14,196. However, two more parameters will be activated for the above businesses: payroll and turnover.

BoG chief calls for a re-examination of tax exemptions

The governor of the Bank of Greece, Yannis Stournaras, called on the Finance Ministry leadership on Tuesday to re-examine all tax exemptions, stressing that "the country needs revenue."

Stournaras noted that the shadow economy in Greece exceeds 40 billion euro and that existing tax exemptions need to be evaluated as to whether they concern the truly vulnerable.

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