Tax concessions only for plastic money transactions in new bill

17 June 2016
611 Views

The Greek government is planning to introduce a new draft bill on plastic money by the end of July that will affect Greek citizen’s everyday transactions. According to newspaper ‘Ta Nea’, Greek taxpayers will be obliged to declare paper and digital receipts for both cash and card transactions between 10 to 30 per cent of their total income in 2016 for their 2017 tax statements, while the Taxation Office will only recognise tax threshold concessions for plastic money transactions from 2018 onwards. The receipts that someone can write off are:

10% for 10,000 Euros income

15% for 10,001-20,000 Euros income

20% for 20,001-40,000 Euros income

30% and over for 40,001 Euros income and over

There will be property lotteries for professionals who are considered as high risk tax evaders if they declare over the limit of plastic money transactions and cash reimbursements for use of cards in transactions. All receipt machines will be online with the General Secretariat for Public Revenue, while all professionals will have to have a POS machine. Other matters of interest to professionals include a fine for professionals refusing to issue customers receipts for plastic money transactions; all cards and bank accounts are identified via tax file number; every new professional or businessman will have 10 day to procure a POS machine.

You may be interested

Mitsotakis: The critical infrastructures endured – The houses will be rebuilt
GREECE
shares6 views
GREECE
shares6 views

Mitsotakis: The critical infrastructures endured – The houses will be rebuilt

Panos - Aug 05, 2021

The Greek Prime Minister, Kyriakos Mitsotakis and the Deputy Minister of Civil Protection, Nikos Hardalias made statements after the extraordinary…

Ancient Olympia: The International Olympic Academy is safe for now – Battle with the fire resurgences (video)
GREECE
shares14 views
GREECE
shares14 views

Ancient Olympia: The International Olympic Academy is safe for now – Battle with the fire resurgences (video)

Panos - Aug 05, 2021

A new alarm for Ancient Olympia as, early in the morning, a new front emerged, heading towards the facilities of…

Evia: Villages evacuated – Kechries in a fiery “siege” – Difficulties for the air means to operate (video)
GREECE
shares13 views
GREECE
shares13 views

Evia: Villages evacuated – Kechries in a fiery “siege” – Difficulties for the air means to operate (video)

Panos - Aug 05, 2021

The battle with the flames in Evia continues, with the first light of day. At 7:30 in the morning, the…

Leave a Comment

Your email address will not be published.