deemed income Archives - Keep Talking Greece

Absurd overtaxation: Low-incomers, unemployed taxed 3 times their income

September 13, 2017 Social Comments Off on Absurd overtaxation: Low-incomers, unemployed taxed 3 times their income

Thousands of unemployed taxpayers with no income at all or very low one have been called to pay disproportionately high taxes between 2,000-4,500 euro. Why this? Blame the so-called deemed income criteria that calculate a fictitious tax according to living conditions and not real income. The absurdity of this taxation …

Are you Alive in Greece? Lenders will tax you as “free-lancer” with 26% & tax in advance

October 9, 2015 Economy 9

I cannot believe that such a tax legislation can be true. The 3.bailout agreement “prerequisites” will reportedly tax people without or very low income as if they were a profit-bringing enterprise and will even ask tax payment in advance. This absolutely incredible and almost criminal and human rights violating over-taxation …

Greece’s newborn babies to get Tax Identification Number as of 1.1.2016

August 24, 2015 Economy 59

Awa! So cute! As long as a newborn will let its first scream and take a deep breath of tax-evasion-free Greek air, it will get a Tax Identification Number (AFM). The AFM-number is necessary, for the case, the newborn Greek -who may look innocent and guileless today – turns into …

Greek FinMin imposes ‘special tax’ for property owners living in their own home

June 6, 2014 Economy 2

The book of the new Income Tax Law is clear: income from properties is been considered also the”imputed income” from the use of own property or the use of property given from parents to children to live in free of charge. According to daily “Eleftheros Typos” the tax on non-existing …

Fiction meets reality in surreal Greece: “Deemed Income” taxes also people without income

May 13, 2013 Economy, Society 12

Are you alive and happen to live in Greece? You will be taxed even if your income is zero for the sole reason that you are alive. For the exclusive and amazing Greek air you are allowed to breath, so to say. The financial ministry has calculated that every person …

Greece hammers out new system for self-employed: taxation according to “deemed income”

May 9, 2013 Economy 2

Unable – or better say: unwilling – to combat notorious tax evasion by the rich, the Greek government thought of another revolutionary plan to get revenues: taxation of self-employed according to deemed income. Not the real income will be taxed but the estimated income according to a broader number of …

Greek Tax Trap: overtaxing even zero-euro income with ‘deemed income criteria’

April 6, 2013 Economy, Society 5

A shock is awaiting 2,400,000 Greek taxpayers with annual real income between zero and 5,000 euro. This year, they will have to pay tax even if they have no income at all. The tax law applied this year for the income of 2012, will be based on so-called “deem income …

The Tax Bills of Horror – 5,5 Million Greek Taxpayers Must Find and Pay 5.1 Billion Euro

July 17, 2012 Economy, Society 42

Friday night and six friends sit at a grill at a nice Athens square enjoying a cheap souvlaki meal and ice-cold beers. We chat about this and that and possible vacation destinations. No, my friends most likely won’t go for vacation this summer. The tax assessment bills they received in the last days …

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