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The Hellenic Radio (ERA): News in English, 10-02-01
From: The Hellenic Radio (ERA) <www.ert.gr/>
CONTENTS
[01] Week of Crucial Developments
[01] Week of Crucial Developments
Monday, 01 February 2010 09:53
A crucial week for Greece's economy starts on Monday with developments
expected in both the Stability and Growth Program as well as reforms in
taxation system considered to be the key in the course of fiscal
adoption. On Wednesday, the EU College of Commissioners is expected to
announce its recommendations on Greece's Stability Program while the
Finance Ministry will have released draft-bill on taxation, providing
radical reforms in income and property tax, till the end of the week.
New draft-bill on taxation, among others provides for a single
progressive taxation scale for all incomes whatever their origin,
abolition of tax reliefs of individual and corporation profits,
reintroduction of large property tax and objective criteria for
taxpayers whose income declaration does not justify their life style.
Specifically new taxation scale will provide for tax relief for incomes
below 30.000 and rise for incomes above 50.000. Collection of receipts
measure, particularly from free lance professionals will be linked to
tax free income. In the meantime, draft-bill on over-borrowed
households will be tabled to the Parliament this week.
Source: ΝΕΤ, ΝΕΤ 105.8
News item: 32710
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