Gov’t plans to cut cor­ners for pay­ing re­bates to com­pa­nies

Kathimerini English - - Focus - PROKOPIS HATZINIKOLAOU

The Fi­nance Min­istry is plan­ning for the im­me­di­ate re­turn of in­come tax and value-added tax re­bates due to en­ter­prises for amounts up to 10,000 euros with­out the need for more thor­ough in­spec­tions.

Sources say some 50,000 firms stand to ben­e­fit from the reg­u­la­tion that is to be brought to Par­lia­ment, con­sid­er­ably re­duc­ing the sum of out­stand­ing tax re­turns, which cur­rently adds up to 1.2 bil­lion euros.

This reg­u­la­tion will sup­ply some much-needed liq­uid­ity to com­pa­nies in this dire eco­nomic en­vi­ron­ment and comes on top of a de­ci­sion by the head of the tax ad­min­is­tra­tion, Gior­gos Pit­silis, for ac­cel­er­at­ing pro­ce­dures giv­ing re­bates to ma­jor en­ter­prises for amounts that top 250,000 euros pro­vided they have a clean tax record.

All this forms part of the gov­ern­ment’s ef­fort to meet a bailout pledge for set­tling a part of its debt to the mar­ket.

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