The “holistic and multi-level” plan to limit tax evasion was presented by the Ministry of Finance.

From the new measures included in the tax bill, the government expects an additional revenue of 552 million euros from the self-employed (716 million from income tax and 164 million from the reduction of the business tax).

The new measures to combat tax evasion:

– Compulsory posting of income and expenses in MyData
– Ban on the use of cash in the purchase and sale of real estate
– New, fair taxation system for freelancers
– Increase of the surcharge for using cash in transactions >500 euros, to an amount twice the transaction
– Regulation of the short-term rental market
– Cessation of cooperation of fuel trading companies with smuggling offenders
– Institutionalization of the payment of welfare benefits via debit cards within 2024
– Completion of interconnection of cash registers with POS in the first months of 2024
– Extension of the obligation to have an electronic payment system (EFT/POS) to the rest of the retail sectors
– Activation of the digital consignment note, pilot from the beginning of 2024 and fully by the end of the year
– Mandatory electronic invoices within 2024 (relevant request in the EU).

Taxes that are reduced on a permanent basis

1. Standardization of a reduced VAT rate on transport, gyms and dance schools, cinemas and goods related to public health (305 million euros per year)
2. A 10% reduction in the ENFIA for houses insured against earthquakes, fires and floods (26 million euros for 2024
3. Increase in the tax-free allowance for families with children (135 million euros per year
4. Reduction by 50% of the stock exchange tax (21 million euros per year)
5. Abolition of the bond interest tax on government and corporate bonds (€7 million per year)
6. Reduction of fundraising tax from 0.5% to 0.2% (€22 million per year)
7. Abolition of 30% withholding for retired employees)