This aid covers 85% of households.
By the end of next week, the platform for the market pass is expected to be opened, the Minister of Finance, Christos Staikouras, announced today in detailing the measures announced by the Prime Minister yesterday.
Through Market Pass a 10% boost is expected on household purchases in supermarkets and other businesses active in the food retail trade.
This aid covers 85% of households.
The first payments are scheduled to take place in early March.
The fiscal cost is estimated at 650 million euros.
Who are the beneficiaries?
Beneficiaries of the aid are natural persons, single or married or widowed or persons who have entered into a cohabitation agreement or are separated or divorced.
Especially, for married people or persons who have entered into a cohabitation agreement, the beneficiary is the person liable to submit the income tax return, according to article 67 of the Income Tax Code (law 4172/2013, A’167) or one of the two in case of submission of a separate declaration.
The income criteria
Natural persons are entitled to aid if they meet the following criteria:
a) Income criterion
Singles should have an annual income of up to 16,000 euros.
Married couples should have an income of 24,000 euros, increased by 5,000 euros for each child.
Single-parent families should have an income of up to 24,000 euros, plus 5,000 euros for each dependent child.
b) Property criterion
The amount of real estate for unmarried persons is up to 250,000 euros and for married persons up to 400,000 euros.
The following are excluded from the granting of aid:
a) The natural persons, who are declared in the 2021 tax year Personal Income Tax Declaration as dependent members of the debtor according to article 11 of the Income Tax Code.
b) Natural persons, who declare in the Personal Income Tax Declaration for the tax year 2021 that they are hosted.
c) The natural persons subject to the luxury living tax for the tax year 2021.
d) Tax residents abroad.
e) Natural persons who have not submitted their income tax return for tax year 2021 until 31.12.2022.
The aid is granted at the household level. Spouses or members with a cohabitation agreement, their dependent children, other dependent members and guest members are considered household members.
Source: Skai
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