Withholding taxes

Incentive for dues repayment

The Finance Ministry, in collaboration with the Independent Public Revenue Authority (AADE), is planning for the reduction of the withholding rate for those who have debts to the state and collect money or proceed with the sale of real estate. The reduced withholding will only concern those who are consistent with debt arrangements and pay their installments regularly.

Greek families get little help in form of decent salaries and tax breaks

Workers in Austria are guaranteed a 30% increase in their net salary as soon as they have a second child, as deductions for taxes and social security are reduced. The Germans have the same treatment. The Belgians are even more fortunate, with an increase of 32%, the French are limited to 24% and the Czechs to 21%.

About one in 10 taxpayers haven’t filed income declarations

With two weeks to go before the final extended deadline to submit income tax forms - noon on Thursday, August 31 - 5,945,364 of the about 6.5 million taxpayers, or slightly over 9 out of 10 (91.5%) have submitted their declarations so far, the Independent Public Revenue Authority (AADE) says. 

Doesn’t Greece have rich people?

Greece has extremely few rich people - if the official declarations of income and property are anything to go by.

The numbers from the tax declarations highlight several Greek "peculiarities": On paper, Greece has hardly got any rich individuals. Only 27,000 taxpayers declare an individual income of more than 100,000 euros, while four out of 10 appear to live on €5,000 a year.

Payroll Costs in Bulgaria: What You Need to Know Before Hiring

Since joining the European Union in 2007, Bulgaria has become a hotbed for foreign investors and multinational companies. Thanks to its cheaper but highly skilled labor and a hungry consumer base, it's not surprising that companies from all over the world are interested in expanding to this country.

Tax emigres urged to invest

A joint decision by the ministries of Finance and Development paves the way for wealthy foreigners who have transferred their tax residence to Greece to invest in this country. They have three years after applying for a Greek tax number to invest at least 500,000 euros in real estate, stocks, bonds and fixed installations.

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