kathimerini.gr
Greece Offers Tax Breaks to New Businesses in 2024
New Greek tax law for 2024 exempts tens of thousands of professionals and small businesses from presumptive income tax for three years post-business launch, with reduced tax rates (4.5%) for those earning up to €10,000. Additional benefits include reduced advance tax payments and specific criteria for freelance income.
- What are the key tax benefits for new businesses in Greece under the 2024 tax regulations?
- Tens of thousands of professionals and small businesses in Greece are exempt from the presumptive taxation of income received in 2024 and will be taxed at a reduced rate (4.5%) if their income did not exceed €10,000. This requires starting business operations in 2022, 2023, or 2024.
- What are the potential long-term effects of this tax policy on the Greek economy and entrepreneurship?
- The long-term impact will be a shift towards a more favorable tax environment for new businesses in Greece, potentially boosting entrepreneurship and economic activity. However, the progressive increase in presumptive tax after the three-year exemption period could affect the long-term financial stability of some businesses.
- How does the new tax law affect the taxation of professionals using 'blokákia' (freelance contracts) in Greece?
- This new tax law aims to support new businesses by offering a three-year exemption from presumptive income tax. After three years, the presumptive tax is reduced progressively, reaching €11,620 in the sixth year. The 4.5% reduced tax rate applies to those earning up to €10,000 annually and completing code 017-018 on their tax return.
Cognitive Concepts
Framing Bias
The article frames the tax changes as overwhelmingly positive, highlighting the benefits for specific groups and using language that emphasizes 'saving' and 'avoiding' higher taxes. The headline (if any) would likely reinforce this positive framing, potentially leading readers to overlook potential drawbacks or negative consequences. The structure prioritizes details beneficial to specific groups while downplaying or omitting any broader societal implications.
Language Bias
The article employs language that reinforces the positive aspects of the tax changes, using terms like 'saving' and 'avoiding' higher taxes. This positive framing could influence readers' perceptions of the policy. More neutral alternatives could include descriptive terms such as "reduction" or "modification" instead of 'saving' or 'avoiding'.
Bias by Omission
The article focuses heavily on tax benefits for specific groups (new businesses, freelancers meeting certain criteria) but omits discussion of the broader economic impact of these policies or the potential consequences for other taxpayers. It also doesn't mention any criticisms or alternative perspectives on these tax measures.
False Dichotomy
The text presents a false dichotomy by implying that only those meeting strict criteria can benefit from tax reductions, ignoring potential other avenues for tax relief or benefits not mentioned in the article. The presentation of two distinct categories, those who benefit and those who don't, oversimplifies the reality of the tax system.
Sustainable Development Goals
The article highlights tax breaks and reduced tax rates for tens of thousands of professionals and small businesses in Greece. This directly contributes to improved financial conditions, supporting economic growth and potentially creating more decent work opportunities. The measures aim to stimulate the economy by reducing the burden on new businesses and self-employed individuals. The reduced tax rate of 4.5% for those earning up to €10,000 further incentivizes entrepreneurship and small business development.