Taxation in France

Papoutsanis pre-tax profits increased by 46% to 1.1 million euros in the first quarter of 2022, while turnover amounted to 14.9 million euros, an increase of 45% compared to the first quarter of 2021. Profits after taxes amounted to 0.8 million euros compared to 0.5 million euros in the corresponding period of 2021, showing an improvement of 40%.

In its review of objective values - property rates used for tax purposes - the Finance Ministry is aiming to include real estate valued at an estimated 80-100 billion euros and at least 7,000 new areas in the system.

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.

This year's heavy tax obligations for Greek citizens will begin straight after the general election, adding up to more than 14 billion euros in the second half of 2019. Over a quarter of that concerns income tax, as 2.5 million taxpayers will have to pay some 3.5 billion euros, starting from this month.

This year's heavy tax obligations for Greek citizens will begin straight after the general election, adding up to more than 14 billion euros in the second half of 2019. Over a quarter of that concerns income tax, as 2.5 million taxpayers will have to pay some 3.5 billion euros, starting from this month.

Taxable incomes are set to decline again this year, resulting in a further drop in takings for the tax authorities.

In the last four years, according to the tax declarations of the country's 6.3 million households, Greece has failed to see confirmation of the rule that economic growth brings higher incomes and therefore greater income tax revenues for the state.

The 1.5 million freelancers, self-employed professionals and farmers who are insured with the Single Social Security Entity (EFKA) face an April 8 deadline for the payment of the new main social security contributions for February that have increased for most of them.

State revenues from confiscations and debt settlements are estimated to have come to 5.5-6 billion euros in 2018, a record amount in the history of the Finance Ministry.

Thousands of property owners in Greece face the prospect of higher taxes due to sweeping changes that are being introduced in 2019.

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.