Considerations for a retroactive tax of income declared for 2015
The government is debating whether to introduce new rates for the solidarity tax, by raising the ceiling from 8% to 10%, as well as setting the maximum income tax rate to 60%.
According to a report in Ta Nea the government is also considering a retroactive tax on income for 2015, in order to cover the 550 million euro budget deficit. A Finance Ministry officer commented that alternative measures will have to be introduced in order to cover the 2016 budget deficit, however the government has limited options.
Although Finance Minister Euclid Tsakalotos recently rejected such a prospect, the creditors are pressuring towards such solutions. The creditors are also pressing the government to abolish tax breaks for employees and pensioners, which the Greek side is resisting.
You may be interested
Egypt: No talks with Turkey on maritime zonesmakis - Mar 08, 2021
Egypt and Turkey did not engage in any talks about the demarcation of maritime zones between the two nations, it…
Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deathsmakis - Mar 05, 2021
Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,215, of which 15…