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PASOK brings fresh ideas to bridge budget gaps

03 January 2010 / 09:01:31  GRReporter
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Several important announcements from the government came along with the New Year in Greece. New taxes for casinos and private clinics, change in the way of pension calculation and tax concessions for those that attach the most receipts to their income statements were some of the measures announced from the top.

In respect to the tax system reformation and pension insurance support issue the government is planning to introduce a new tax on the profits of companies not paying VAT such as banks, casinos and private clinics.

The tax will be lower than 19%, says “Ta Nea”, and will follow the idea of fairer tax distribution. This concept will most likely be incorporated in the tax system bill which is about to enter for voting in March.

Additionally, a new incentive was introduced by the Ministry of Economy. Tax payers, who attach receipts from their visits to doctors, lawyers, notaries, accountants, plumbers, electricians and other proprietors well known for not paying their taxes, will use a tax reduction- a measure that will mostly affect average and high income receivers.

This, however, constitutes a significant extra effort on part of tax payers, who will need a serious enticement in order to fill up the data for each receipt in their tax statements. Other entrepreneurs such as taxi drivers and market vendors will also have to issue receipts, although not obliged to up to now.

Tags: Greece PASOK taxes reformations
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