Tax reform plans for employees and self-employed

5 February 2016
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Details on the upcoming taxation reform emerged after the recent meetings between the institutions and Greek government officials, which may see high earners face a 60% tax n their income.

According to a report in “Ta Nea”, the government submitted a tax reform proposal to the institutions, which essentially maintains different tax scales, depending on revenue origin.

Therefore employees and pensioners will be taxed 22% for the first 25,000 euros, 32% for 25,000 to 42,000 euros, 42% for 42,001 to 60,000 euros and at least 50% for all income above 60,001 euros. Employees and pensioners also have a 2,100 euro discount.

While the self-employed will be taxed with the same rates, they will not enjoy the discount, nor will they be able to combine income from wages and pensions with income from self-employment and the provision of services.

Further details on the tax reform proposal will emerge as the negotiations with the institutions continue, particularly in relation to rent taxation, which will see major changes.

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