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Greece's New Tax Bill: Key Changes and Incentives

Greece's new tax bill introduces changes to social security, professional taxes, property taxes, and incentives for business mergers. It also provides financial aid for pensioners and vulnerable groups, along with penalties for late tax data submissions.

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What incentives are being introduced for businesses that undergo mergers or acquisitions?: The bill introduces incentives for mergers and acquisitions, including the carryforward of losses to future years and a specific timeframe for tax return submissions (March 15 to July 15).
What type of financial assistance is being provided for pensioners and other vulnerable groups?: The bill provides an extraordinary financial boost for pensioners with a personal difference of over 10 euros, ranging from 100 to 200 euros depending on pension amount. Vulnerable groups will also receive additional financial aid.
What are the main changes proposed in the new tax bill regarding social security contributions and professional taxes?: The new tax bill includes a reduction in social security contributions, the abolition of the professional tax, tax exemption for vacant properties, and a reduction in ENFIA for insured homes.
What penalties are being introduced for those who delay or fail to submit the required tax information to the tax authorities?: The bill introduces penalties for banks and other organizations that delay the submission of tax data to the tax authority (AADE), setting fines of up to 50,000 euros. Tip income up to 300 euros per month is tax-exempt.
What are some of the other notable tax changes affecting individuals, such as health insurance, parental benefits, and professional fees?: The changes also include tax relief for health insurance for children under 18, abolition of fixed-line telephone tax for fiber optic connections, tax exemption for voluntary company benefits for new parents, and a 22% tax rate for doctors' on-call fees.

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