Greek Government’s plan to introduce new income tax plan June 17, 2007
Posted by grhomeboy in Business & Economy, Living.trackback
Greek Government mulls flat 25 pct income tax rate
The government is studying a plan for a flat 25 percent rate on all personal incomes as of 2010, sources said.
The measure, which was initially to have been applied to 2009 incomes but has proved technically difficult, will be accompanied by the abolition of tax exemptions or the taxing of certain incomes at special rates. The package is said also to include changes in the taxation of real estate, with a view to its simplification.
At present, incomes of salary earners and pensioners above 13,000 euros annually are taxed at 30 percent, and above 23,000 euros at 40 percent. The types of incomes which will no longer enjoy exemptions or special rates include bonuses for hazardous work, special bonuses for members of national sports teams, the remuneration of soccer and basketball players and some bonuses paid to local government officials.
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