Tax on farm income totaled 186.4 mln euros in 2014

3 November 2015
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Nine out of 10 farmers declared annual income up to 5,000 euros in 2014, while only 5.0 pct of taxpayers with farm income declared annual income of more than 12,000, the Finance ministry said in report.

The report showed that 87.55 pct of taxpayers with farm income in 2014 declared annual income of up to 5,000 euros, of which 104,768, or 19.6 pct, declared zero income or losses in 2014. Annual income up to 1,000 euros was declared by 233,674 farmers, or 43.85 pct of all farmers, while 5,733 farmers declared annual income of more than 30,000 euros (1.0 pct of total farmers), while annual income between 20,000 and 30,000 euros was declared by 5,541 taxpayers (1.05 pct of total farmers).

Total farm income was 1.3 billion euros in 2014, while average income declared by Greek farmers was 2,518 euros. Income taxes totaled 186.4 million euros, or an average of 349.81 euros.

The Greek government has agreed with its creditors to raise taxes on farm incomes from 13 pct this year to 20 pct in 2016 and to 26 pct in 2017.

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