Venizelos and Oikonomou took care of Sahinidis and Kapeleris
Venizelos and Oikonomou took care of Sahinidis and Kapeleris
By noon Monday the Treasury will look like a catwalk, with the parade of dozens of representatives of agencies and market players that will participate in the debate on the new tax reform.
UPD:
By noon Monday the Treasury will look like a catwalk, with the parade of dozens of representatives of agencies and market players that will participate in the debate on the new tax reform.
The finance minister will reply with promises and good intentions to the nagging and complaining he will encounter. Furthermore:
- he will clarify that the regulation for the arrest of those who owe money to the state effective today will only target those with debts over 150.000 euros and not those with 5.000 or 10.000
- he will ask for alternative measures and taxes that will bring relief to wage earners and pensioners or give a boost to the market
Especially as concerns the VAT tax, the ministry is working on three scenarios to relieve consumers and the market. More specifically, they are considering:
- establishing a "green" tax rate in the range of 1,2% or 3%, which will benefit all products related to green construction, renewable energy sources and special insulation, which currently carry a 23% tax rate
- introducing two VAT rates of 20% and 10%. Thus, the basic rate of 23% will be reduced to 20% and alleviate the situation in fuels, clothing, household items, etc. The lower VAT rate will be reduced to 10% from the current 13%, taking some of the burden off of public utility bills, public transport tickets etc.
- ushering in a uniform VAT rate of 17% or 18%, which the commercial world seems to be seeking now as well. In this case, price increases will appear in essential goods like food, medicine and public utility bills, but prices will drop for fuel, clothing/footwear, cars, etc.
The finance minister will reply with promises and good intentions to the nagging and complaining he will encounter. Furthermore:
- he will clarify that the regulation for the arrest of those who owe money to the state effective today will only target those with debts over 150.000 euros and not those with 5.000 or 10.000
- he will ask for alternative measures and taxes that will bring relief to wage earners and pensioners or give a boost to the market
Especially as concerns the VAT tax, the ministry is working on three scenarios to relieve consumers and the market. More specifically, they are considering:
- establishing a "green" tax rate in the range of 1,2% or 3%, which will benefit all products related to green construction, renewable energy sources and special insulation, which currently carry a 23% tax rate
- introducing two VAT rates of 20% and 10%. Thus, the basic rate of 23% will be reduced to 20% and alleviate the situation in fuels, clothing, household items, etc. The lower VAT rate will be reduced to 10% from the current 13%, taking some of the burden off of public utility bills, public transport tickets etc.
- ushering in a uniform VAT rate of 17% or 18%, which the commercial world seems to be seeking now as well. In this case, price increases will appear in essential goods like food, medicine and public utility bills, but prices will drop for fuel, clothing/footwear, cars, etc.
UPD:
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