Card trans­ac­tion in­come to be pro­tected from con­fis­ca­tion

Kathimerini English - - Front Page - BY PROKOPIS HATZINIKOLAOU

Bank cus­tomers who use credit or debit cards to pay for goods and ser­vices with money from their ac­counts will not have their de­posits con­fis­cated for debts to pri­vate par­ties, banks or the tax author­i­ties, Al­ter­nate Min­is­ter of Fi­nance Try­fon Alex­i­adis an­nounced yesterday.

Ad­dress­ing law­mak­ers in Par­lia­ment, Alex­i­adis spoke of the gov­ern­ment’s plan to of­fer in­cen­tives for non-cash trans­ac­tions. He said that money com­ing into the ac­counts of busi­ness own­ers who con­duct trans­ac­tions via pay­ment cards will be pro­tected from con­fis­ca­tion for debts to banks, other cred­i­tors or the tax author­i­ties.

The al­ter­nate min­is­ter also an­nounced there would be other in­cen­tives for taxpayers who use plas­tic money, such as prize lot­ter­ies, among oth­ers, as well as a re­duc­tion in the com­mis­sion that card ter­mi­nals charge for com­pa­nies to use them.

Alex­i­adis em­pha­sized that the min­istry’s aim is for the coun­try at large to en­ter the elec­tronic era, first through the sim­pli­fi­ca­tion of tax pro­ce­dures and then by end­ing face-to-face deal­ings be­tween tax of­fices and taxpayers: He said that the plan fore­sees tax of­fices be­ing closed to taxpayers within 2016, with all tax af­fairs in­stead be­ing dealt with online. He added that the min­istry spent 11.5 mil­lion eu­ros send­ing doc­u­ments to taxpayers in 2014, although leg­is­la­tion has pro­vided for elec­tronic sub­mis­sion since 2013.

The changes re­lated to the use of pay­ment cards in ev­ery­day trans­ac­tions will be in­cor­po­rated into the draft law to be sub­mit­ted this month in Par­lia­ment. The same bill will fur­ther in­clude clauses re­gard­ing the vol­un­tary dec­la­ra­tion of hitherto un­de­clared in­comes in Greece and abroad, with Alex­i­adis say­ing the min­istry will do ev­ery­thing in its power to re­veal as much as pos­si­ble.

The min­istry’s aim is for the coun­try at large to en­ter the elec­tronic era, through the sim­pli­fi­ca­tion of tax pro­ce­dures and end­ing face-to­face deal­ings be­tween tax of­fices and taxpayers.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.