Taxation in France

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.

Married couples will be able to submit separate income tax declarations next spring for their 2018 incomes, provided they submit an application to that effect to the Independent Authority for Public Revenue by February 28.

The primary budget surplus in January-August would have been 1.3 billion euros smaller if the Finance Ministry had paid the tax rebates due to enterprises and taxpayers and met the spending targets of the Public Investments Program - which the government has frozen.

While the process for the submission of income tax declarations was completed on Monday and Tuesday is the deadline for the first installment, all signs point to revenues being about half a billion euros less than last year.