No ques­tions for tax re­bates

Kathimerini English - - Focus - PROKOPIS HATZINIKOLAOU

The state will dis­burse in­come and value-added tax re­bates up to 10,000 eu­ros with­out any prob­ing, ac­cord­ing to a set of amend­ments tabled in Par­lia­ment yes­ter­day.

The stated aim of the clause is to pro­vide the mar­ket with a quick liq­uid­ity boost. Sources say the amend­ment will ben­e­fit an es­ti­mated 50,000 en­ter­prises while re­duc­ing the huge stock of out­stand­ing tax re­bates that amounts to some 1.2 bil­lion eu­ros. A sam­ple of tax­pay­ers en­ti­tled to a re­bate will still be probed, the clause adds, based on tax eva­sion risk cri­te­ria.

The same set of amend­ments also in­cludes a clause stat­ing that the first tranche of the Sin­gle Prop­erty Tax (ENFIA) for this year will be due by Septem­ber 29 and the fifth and fi­nal in­stall­ment by Jan­uary 31, 2018.

An­other amend­ment dic­tates that tax­pay­ers’ earn­ings from the re­ceipt lot­tery – when it starts – will be ex­empted from tax. This con­cerns the monthly draws that all users of credit and debit cards will au­to­mat­i­cally en­ter through transactions. The rea­son for the ex­emp­tion is be­cause im­pos­ing a tax on an in­cen­tive for the preser­va­tion of tax le­gal­ity would de­feat its pur­pose.

Agri­cul­ture pro­fes­sion­als are also granted the ex­cep­tion of be­ing able to sub­mit an amend­ment to their tax dec­la­ra­tion for 2016 in­comes un­til Oc­to­ber 31 with­out pay­ing a late-sub­mis­sion penalty.

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