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Government's "piggy-bank" plan

03 January 2010 / 09:01:56  GRReporter
2372 reads

In the first days of the new year the government announced new taxes for casinos and private hospitals, changes in the calculation of pensions and tax concessions for those who attach as many receipts as possible to their tax forms.  

Within the dialog for change of the tax system and support of the pension – security system the government is planning to enforce a tax on the profit of private companies not paying VAT like banks, casinos and private hospitals.

According to “Tea Nea” the tax will be less than 19% and will match the philosophy of the government for a more fair fiscal drag allocation. Most probably this idea will become part of the bill for the tax law which will be introduced in parliament in March.   

At the same time Ministry of economy and finance asked tax payers to collect receipts from services of doctors, lawyers, notaries, accountants, plumbers, electricians and other private companies among the fist ones from the list of people working free practices and do not pay their taxes. Taxpayers will have decrease of the tax and even its payment by attaching the receipts for services to the tax forms. This will mostly affect the people with middle and higher income.

On the other part this will cause headache to citizens, who are collecting invoices. As minister of economy and finance Giorgos Papakonstantinou announced, they will have to write down all the information from each invoice separately in their tax forms. This will require serious motivation of taxpayers to make the effort of becoming accountants and write down each invoice. Besides the above mentioned professions taxi drivers, vendors on the markets as well as other self employed, who were not obliged to issue invoices will now have to start issuing.

Tags: Politics taxes VAT
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