low-incomers Archives - Keep Talking Greece

Finance ministry offers overtaxation protection to occasional workers for 2017 income

April 12, 2018 Economy 2

Greece’s Finance Ministry submitted a regulation to the Parliament offering tax protection to occasional workers with low annual income. The regulation refers to incomes obtained in 2017 and was submitted ahead of the tax declarations to be made in coming weeks of 2018. The regulation allows low-income tax payers who …

Blow to Greece’s poor! Commission, IMF set tax-free basis at €5.685 annual income

April 27, 2017 Economy, Social 3

The yearly tax discount will be reduced by 650 euros as of 2020, according to a draft agreement submitted to the government by the European Commission and the International Monetary Fund. The tax-free basis will be lowered from €8,636 currently to €5,685. In simple words this means: taxed will be …

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 …

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