Τhe entrepreneurship fee will be cut by 50 percent for all self-employed from this year, National Economy and Finance Minister Kostis Hatzidakis said on Tuesday in an interview with SKAI TV. The change relative to the initial plans will be included in the draft tax bill that is to be …
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Hundreds of self-employed and freelancers protest new tax bill
Hundreds of self-employed and freelancers marched through the streets of Athens and other cities across Greece to protest the new tax bill that taxes them with deemed income in order to combat tax evasion as the government argues. With banners and placards in their hands, hundreds of freelancers and self-employed, …
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Self-employed in Greece to be taxed according to presumed income
Greece’s government announced on Tuesday that as of this year self-employed professionals will be presumed to earn a minimum of 10,920 euros per year and will be taxed accordingly through their tax return declarations submitted in 2024. The unprecedented decision coming two months before taxation year 2023 expires follows statements …
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Draft bill to target self-employed, freelancers who declare low income
Α draft bill that will specifically target self-employed who systematically declare extremely low annual incomes is underway by the Finance Ministry. Minister Kostis Hatzidakis reportedly plans to present the bill to the cabinet next week with the aim to crack down tax evasion. Speaking to media, finance ministry sources said …
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Council of State rules self-employed EFKA contributions against Constitution
A ruling of Greece’s highest court, the Council of State, puts at risk the stability of the Unified Social Security Institution (EFKA) as it considers the social security contributions for large categories of self-employed as against the Constitution. According to media information, the CoS ruled last Friday with votes 17 …
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Another blow to Greece’s self-employed and freelancers with IMF’s social security contributions based on gross income
Hardly has been the new system of social contributions implemented and the creditors demanded a new system. A new system of calculations based on gross income. A new system will give another blow to low-income self-employed, freelancers and farmers. The new system will affect 1.4 million people and will be …
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New social security contributions system breaks Greece’s self-employed & freelancers
Santa traditionally arrives in Greece on New Year’s Eve and brings joy to kids and adults alike. This year, Santa is mean and grim and arrived earlier than expected in form of the Greek finance minister. A circular outlining the new social security contributions for self-employed and freelancers was issued …
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Social security fund governor urges Greece’s self-employed to “go to Bulgaria” if they can’t pay contributions
It is not a secret that under the bailout agreements, Greece’s self-employed are charged with higher taxes and social security contributions each and every year. Many, especially from northern Greece, have moved their business basis to neighboring Bulgaria for obvious reasons: 10% tax instead of 29%, low social security contributions, …
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Shock for Freelancers & Self-Employed: They will have to pay double social security contributions (41%), if…
Freelancers will be obliged to pay double social security contributions reaching even up to 50% of their income. As of 1. January 2017, freelancers who are also in also in employment contract will have to pay two times social security contributions. Once for their work as employees and once for …
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Mass Protest against Greek Pensions Reform, lawyers hand their ties outside Parliament
Thousands of self-employed took to the streets of Athens on Thursday morning to protest the Greek Pension Reforms. Layers, doctors, engineers, pharmacists, notaries, accountants, young scientists and other self-employed professionals move to downtown Athens to express their opposition against a s0-called Reform that will swallow up to 80% of their …
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2016 – The Year of New Greek Tax Hikes
I suppose, the majority of Greeks spent the 3-days break with their television set off. That’s why, they are still alive on Monday, January the 4th. Had they turned their TVs son, they would had for sure suffered brain strokes, heart collapses and breath halting due to the tsunami of …
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Surprised? 50% of self-employed do not pay social security contributions to OAEE
Everyone who has worked in Greece as self-employed or freelancer has crawled through the dark corridors of OAEE and has experienced the nightmare alive in the maze-like construction, a mixture of Minotaur labyrinth and Monopoly. Especially the small and medium-size entrepreneurs found themselves often in the position to be not …
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The God of Greeks must be joking: income €14K, tax €6.5K
Somebody must be making really bad jokes at the cost of Greeks. The tax returns this year trigger uncontrolled laughter outbreaks especially to self-employed who for the first time are been taxed with 26% from the first euro they get in their hand and in addition they have to pay …
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Income €20K, tax €8.7K: Brainstrokes & sublingual tablets for Greek taxpayers
The nightmare of tax office has already hit many Greek taxpayers, preferably freelancers and self-employed with low and medium income. With the new tax calculation that abolishes tax free caps, taxes the very first euro with 26% and collects 55% of next year’s taxes in advance, Greece hit a new …
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Why Noah’s Ark would never have been built in Greece
You think, Noah would have been able to build the famous Ark in case he was living in Greece? That would be a very big #FAIL. The human-animal-rescue project would be have been able to conclude for three simple reasons: 1) the notorious Greek bureaucracy 2) the slowness of the Greek public sector …
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Overtaxing Greeks: freelancers 42% tax; self-employed & businesses to pay 90% tax in advance!
On the way to the new taxation system, several details have been given to the press in order to do the usual of the last three bailout years: scare the people, test reactions and finally present the ‘worse’ as less bad than the ‘worst’. I mean, I hope it will …
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Greece hammers out new system for self-employed: taxation according to “deemed income”
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 …
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Greece’s self-employed to receive “unemployment” allowance
Labor Minister Yiannis Vroutsis announced on Thursday that self-employed who have closed their businesses due to crisis will start receiving “unemployment” allowance as of 1. March 2013. The allowance will be 360 euro per month and will be given for a period of time of 3 up to 9 months maximum. …
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Out of control: Greece to tax annual income of €26,000 with 45%!
The new taxation system the Greek finance ministry is preparing under the Troika dictations, is getting more and more out of control with the technocrats apparently having lost any sense for social justice. According to the latest version given to the press, annual incomes of more than 26,000 euro will be …
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Troika’s Vision of Taxing Greeks: Up to 45% for Employees & Pensioners, Up to 35% for Self-Employed
Greeks will be called to pay one billion euro more on taxes with the new taxation system according to new taxation draft prepared by the Troika. Self-employed will pay taxes from the very first euro of revenues, while one million low-pensioners and employees will be exempted from tax (annual income …
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