Tax-free allowance will not be lowered and welfare benefits will not be cut, government spokesman Stelios Petsas sai don Tuesday.
According to the government spokesperson, the fast-track tax bill that introduces the changes to property tax ENFIA and the 120-installment debt repayment framework, expected this week, will also introduce the new tax brackets for income tax, including a lowering of the base tax rate imposed on incomes of up to 10,000 euros to 9%, a reduction of taxes on dividends from 28% to 24%, and a 40% tax reduction for aesthetic and energy-efficiency improvements of buildings.
On the fiscal gap, the government spokesman noted that “those who saw a fiscal gap were seeing a picture from the past.”
“The previous government was following a policy of over-taxation. We will not continue it … By restoring confidence in the Greek economy we will have growth – each euro of growth increases revenue by 0.5 euro – and there will be no budget gap,” he argued.
Petsas reiterated that no welfare payments will be cut and that those receiving social benefits will continue to get them. For the 13th pension, he pointed out that “what was given by the previous government was not a 13th pension, but a pre-election allowance. However, it will continue to be granted in 2020 as a mechanism to support low-income pensioners.” – via amna
