Bills to count to­ward dis­count

Gov­ern­ment plans to in­clude elec­tronic pay­ments for utilities in tax­pay­ers’ e-spend­ing for tax ex­emp­tion

Kathimerini English - - Focus - BY PROKOPIS HATZINIKOLAOU

The pay­ment of util­ity bills us­ing credit or debit cards will also count to­ward the tax dis­count for elec­tronic trans­ac­tions, ac­cord­ing to sources, as the state ap­pears un­able to dis­tin­guish such pay­ments from spend­ing on goods and other ser­vices.

Al­though the Fi­nance Min­istry orig­i­nally wanted to ex­clude the pay­ment of wa­ter, elec­tric­ity and tele­phone bills from the amount that tax­pay­ers must spend by elec­tronic means to qual­ify for a tax dis­count of 1,900-2,100 eu­ros from their an­nual in­come, it now ap­pears that al­most all ex­pen­di­ture us­ing cards will count.

In a state­ment is­sued last week, the min­istry cited “rent pay­ments and util­ity bills, as well as those for land­line, cell phone and pay-TV ser­vices” as ex­am­ples of ex­emp- tions from the mea­sure. How­ever, the prob­lems iden­ti­fied by var­i­ous state agen­cies have forced the min­istry to ac­cept al­most all trans­ac­tions that tax­pay­ers will make this year to­ward their tax dis­count.

This means that the vast ma­jor­ity of tax­pay­ers will be able to clear the min­i­mum amount with great ease – far greater than in the past – as re­ceipts from su­per­mar­kets and util­ity bills will suf­fice.

Salary work­ers, pen­sion­ers and farm­ers must spend be­tween 10 and 20 per­cent of their an­nual in­come for 2017 (up to a max­i­mum amount of 30,000 eu­ros) us­ing cards or other elec­tronic means. In­comes of up to 10,000 eu­ros per year re­quire that 10 per­cent be spent via elec­tronic trans­ac­tions, those up to 30,000 eu­ros re­quire 15 per­cent and those over 30,001 eu­ros re­quire 20 per­cent.

Al­though it is al­ready Jan­uary 12, the min­istry has still not is­sued its 1.0503 de­ci­sion on the ex­act spend­ing types to be ex­cluded, so tax­pay­ers are still guess­ing, while the mar­ket is fairly up­set in an­tic­i­pa­tion of an­other de­ci­sion de­ter­min­ing which en­ter­prises will be forced to op­er­ate card ter­mi­nals. Min­istry of­fi­cials say that the gov­ern­ment is con­sid­er­ing the in­tro­duc­tion of sev­eral ex­cep­tions to this obli­ga­tion, mainly con­cern­ing smaller en­ter­prises in re­tail com­merce, even though this is a known source of tax eva­sion.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.