What the finance staff is promoting – What changes are being considered
The preparation of the plan for the reduction of proof of living which is one of the government’s key priorities, along with reducing tax rates for middle income earners.
The goal of the Ministry of Finance is through the changes, on the one hand, to close the windows of tax evasion, on the other hand, to correct the distortions of the current system, on the basis of which employees and pensioners end up being the big “victims” of the “pinch” of presumptions.
The changes, which are expected to be finalized by January 2025, will be made on the basis of a conclusion elaborated by the competent committee of the Ministry of Finance with the main objective of reducing presumptions by an average of 30%, improving the way they are calculated and correcting injustices in the minimum amounts of presumptions of living for specific categories of taxpayers.
It is indicative that in 2023, 1.4 million taxpayers were taxed based on presumptions for an additional presumptive income of 5.2 billion euros. Of these, 1.34 billion euros concern salaried workers, 1.15 billion euros pensioners, 877.6 million euros self-employed and 278.8 million euros farmers, it was emphasized in APE BPE.
In particular, changes are being considered:
-In the way of calculating the subsistence allowances for residences, RVs and pleasure boats
– In the minimum amounts of evidence of 3,000 euros for singles and 5,000 euros for married people or those who have entered into a Living Agreement
Taxpayers today have a number of possibilities under the tax provisions to justify any additional income they have earned and avoid the “trap” of presumptions.
In particular, they can be invoked:
-Income earned as severance pay, unemployment benefits, interest on bank deposits, the lump sum they received as a pensioner, or the compensation they received from their insurance company, etc.
– Income received from the sale of assets such as real estate, cars, movable things of great value.
– Amounts of money they imported into Greece, in euros or foreign currency if their acquisition is justified.
– Loans to banks, relatives or third parties as long as they are confirmed by a notarized or private document with a paper marking indicating the date of signature.
-Amounts from donations or parental benefits.
– Winnings from lotteries, PPOPO, LOTTO, TZOKEP, Fixed Bet, O.P.A.P. games of chance.
– Incomes of past financial years.
