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Three out of ten taxpayers did not pay first installment of income tax

Three out of ten taxpayers did not pay the first installment of income tax due on July 31st. Now, they are at risk to face confiscations if they do settle their arrears as soon as possible.

According to available data from the Treasury, 28% of taxpayers, a total of 671,000 people, did not pay the first installment of income tax – as it doesn’t look as if they would do it at all.

From 2,431,000 taxpayers that were supposed to meet their obligations end July, only 1,760,000 did so.

The tax offices required a total of € 1,114,509,000.  However, just € 775,031,000 poured into the state cash registers. The collection of the first installment was at 69.5%.

Despite the payment delay, the Finance Ministry did not ring the alarm bell.

The same phenomenon was observed also in July last year. The abstention from the payment of first installment was at the same level. i.e. at 69.5%.

The phenomenon shows that the volume of over taxation that falls at the back of the society.

Due to the outstanding payment, 671,000 taxpayers are exposed to see the state’s long arm in their assets and face confiscation.

Of course, if they do have any assets that the state could confiscate…

PS One of my friends was telling me, he would rather spent the little extra money he has right next to the sea than pay any tax. He said he is eternally fed up to pay whatever the Greek state and the international lenders have been asking him to for the last eight years.

And he has nothing, literally nothing, the state could seize. Not even his own home.

I suppose, he is not the only one with this mindset.

Greek summer

“WTF, it’s sea time!”

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  1. If someone only has one home, and earns less than 1250 a month income , then they can get away with never ever paying tax again in Greece! I am sure there are quite a few people in Greece who meet this criteria.

  2. Martin Baldwin-Edwards

    @Syrizee. This is totally incorrect. I do not know where you got this nonsense from. It does not apply to the self-employed. It does not apply to people who inherit property. It does not apply to a very large sector of Greek society. Moreover, as in Italy and Spain, it has been the practice over the last century to invest family money in a second and even third property — as banks were completely unsafe. Many of those individuals in Greece (but not Spain and Italy) are being screwed into the ground with the disgusting property tax devised by that Pasok fat pig who calls himself (falsely) Venizelos.

    Your attempts to justify the Troika-inspired taxation being extorted from ordinary Greeks is disgusting. You should be ashamed of defending the indefensible.

  3. Besides if they are rich enough to own many homes they should be good comrades and allow the government to nationalise their extra assets and help the country! Who needs more than one home anyway !

  4. Providing people spend their hard earned money or even unearned income the money will eventually end up in the governments hands. Taking the money off before we can spend it doesn’t help reduce unemployment. It just means the government is being impatient to satisfy the ECB.

  5. Martin Baldwin-Edwards

    @Syrizee. For Greeks, Italians and Spanish with a little money, investment in some extra apartments has always been a way of saving money. When you could not borrow money from banks to buy property, owning spare property gave not only a safe investment but also some flexibility — allowing members of the family to go and work in different cities, or younger members to get married and start a family, etc.

    The action of the Greek state in taxing property very heavily would be analogous to the German state taxing bank savings of ordinary Germans at a rate of something like 10% p.a. The Germans would not tolerate it: why should the Greeks? And don’t tell me that Germans will happily give away all their savings to the German state!