By Vangelis Dourakis

‘Appointment in September’ with tax cuts It gives the Maximus Mansion. As revealed by Kostis Hatzidakis, Minister of National Economy and Finance, on his television Furiousshould be taken for granted that the Prime minister autumn at TIF It will announce a package of measures that will limit tax burdens mainly to middle income. The size of the “package” will be determined by decisions to exclude defense spending from the deficit.

What will be the ‘wins’ of the new tax-flawed package

The “scissors” in indirect taxes has not yet been warm into the “conversation”, however nothing is ruled out as long as the budget is underway by continuing to supply the available budgetary space in conjunction with the “gift” of the Commission for defensive costs, which can be more paid.

Whatever the case, sources from the Ministry of National Economy make it clear that any interventions will be funded exclusively by the over -performance of the economy and in no circumstances will not endanger the downward trend of public debt. And of course the list will be enhanced for the years that the special “escape clause” for defense costs will be in place.

Regarding the “package” of tax breaks, which is considered to be announced by the prime minister in September, this will begin to be finalized immediately after the Commission’s announcements (ed: expected this month) for its total proposals for the “special” every year.

As mentioned above, this “package” will focus on a portion of taxpayers who have been left out of any aid given during the crises caused by the pandemic and then the energy crisis that emerged after Russia’s invasion of Ukraine and had “survived”.

What tax-flaws are on the ‘table’

The list of tax breaks – up to the relevant “roadmap” – will have “closed” as the Thessaloniki International Exhibition and will be included in a tax bill, which will be tabled in Parliament in mid -October.

This will include changes in the income tax scale of natural persons, living presumptions, ENFIA, independent taxation of rents, the solidarity levy of pensioners and possibly the abolition of the business fee and for businesses. At the table and another reduction in insurance contributions by 0.5% or 1%.

So what does the relevant list include in detail?

– Tax scale pricing: This will face the phenomenon of losing several employees the “profits” they have from increasing their salaries due to higher taxes resulting from the change of scale and thus tax rate.

– Changes on the tax scale: Emphasis will be placed on the relief of the middle class, and in particular those with incomes of more than 20,000 euros. The suggestions made in this direction are:

-> Tax scale redesigning with the addition of new intermediate tax rates for income between 20,000 and 50,000 euros.

-> Increase in income above which the highest tax rate will be applied. Today the top tax rate of 44% is imposed on the part of the income exceeding 40,000 euros. There is talk of imposing this high rate on incomes of more than 50,000 euros.

– Changes to ENFIA: Review of tax surcharge for properties of more than 400,000 euros.

– “Haircut” by 30% of the living presumptions in the first phase and complete abolition over time.

– Solidarity levy: new interventions have fallen on the table after scale price

– Abolition of the business fee and for their businesses and branches.