Draft bill on prior actions for loan tranche, recapitalisation tabled in Parliament

18 November 2015
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A draft bill legislating the prior actions Greece and its lenders agreed to before the country receives a 2-bln-euro loan tranche and 10 billion euros to recapitalise its banks was tabled in Parliament early on Wednesday morning.

The bill includes measures that will replace tax revenues from a controversial 23% VAT tax on private schools, such as a fee on state lottery fill-out
forms and a special consumer tax on wine.

Its provisions were presented at a press conference earlier in the day by the ministers of Finance Euclid Tsakalotos and Economy George Stathakis.
Other provisions will no longer oblige owners to pay tax on uncollected rents (provided a court order has been issued against a renter), and will extend the repayment period for each installment of a debt whose holder is on a 100-installment payment plan.

In addition, the new draft bill also limits the length of office for the head of the general secretariat for public revenue, from the current five years to two.

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