Government considerations for changes to the solidarity tax
The Greek government proposed a series of changes to the emergency solidarity tax in order to save about 1.3 billion euros on…
The Greek government proposed a series of changes to the emergency solidarity tax in order to save about 1.3 billion euros on an annual basis, during the talks with the institutions that took place over the weekend.
According to a report in Ta Nea, the changes will bring some relief to those with a declared income of up to 17,000 euros, with those earning above 18,000 euros facing further charges. Those with an income under 12,000 euros will not be taxed.
Specifically the government wants to introduce a 2.2% tax rate for incomes between 12,000 and 20,000 euros. As such, a taxpayer with an income of 15,000 euros will be paying a solidarity tax of 66 euros, instead of 105 at present.
On the contrary, a taxpayer with an income of 30,000 euros will pay 676 euros, instead of 420. In the case of income above 50,000 tax more than doubles, as it will grow from 1,000 to 2,026 euros.