The political leaders will decide on the pending issues of the new tax bill

The last two days of meetings between Yannis Stournaras and political party representatives finished with many loose ends. Although there was consensus on many issues, the Finance ministry is starting to write a bill it will send to the Troika and the parliament based on what has been agreed on until yesterday, although it could change after the consultation of political leaders in the coming days.

 

The decisions of today’s meeting are:

 

- the annual family allowance for each child in a family of three kids or more increases from 450 to 500 euros

 

 

- it is 500 euros for 2012 and will be paid by freelancers

- those in dependent labor (only one employer) are exempt from the trade fee of 650 euros from 2013 but will be taxed on the payroll tax scale

- the professions that pay a 300-euro-fee will pay about 600 euros in 2013

 

 

- in the first 3 years of their profession and regardless of age limit, they will be taxed for the first 10,000 euros at 13%, than normally at the 26% scale for up to 50,000 euros and then at 32%

 

 

- all incomes will be entered in the tax return statement, even the ones already taxed separately as dividends from shares, interest, etc.

 

 

- the maximum tax rate that DIMAR and PASOK asked to increase from 40% back to 45% for incomes over 100,000 euros to save an additional 25 million

- the income from rent that DIMAR is asking to be taxed along with all the others in the scale, while PASOK and ND want to be taxed independently

- the taxation of freelancers, as DIMAR proposes 21% tax to 20,000 euros and then 33% for more, instead of 26% at 50,000 euros and 32% for higher incomes as predicted in Stournaras’ scale

- the taxation of deposit interest which DIMAR demands be taxed at 17.5% instead of 15%.