The new Greek Government is preparing reforms of the tax system, which will introduce a special “tax on large estates” (TLE). As “Greek Reporter” reports, allegedly, the tax will include everything luxurious and which exceeds the value of 300,000 euros.
The new tax system should increase the income of the state and also to respond to criticism of European partners that wealthy Greeks do not pay taxes.
TLE is calculated based on all the property of taxpayers and is replaced with a simple tax, which was applicable to real estate. Anyone who owns property worth more than 300,000 euros will have to pay tax. Even unemployed who inherited great estate would also have to pay TLE.
Increase of the annual income tax of 16,000 euros per households with two children, i.e. 19,000 euros for households with three children, is planned. The adoption of consumer tax on expensive cars, boats, airplanes, helicopters, swimming pools and other luxury goods is also planned.
The Government also plans to unburden citizens with low income tax credits, so households with annual incomes of less than 15,000 euros will pay a lower fee for utilities and real estate. With indirect taxation, Greece plans to reduce tax duties on food products and renewable energy.
