The amendment for the imposition of a Temporary Solidarity Contribution of 33% is being submitted to the Parliament tonight, in the draft law for the “Incorporation of Article 1 of Directive (EU) 2019/1151” to the excess profits of the refining companies of the tax year 2023in accordance with the relevant provisions of Community legislation (Council Regulation 2022/1854).

The net income from the Temporary Solidarity Contribution is estimated at 300 million euros and, as already announced, will be used for the financial support in December of pensioners who will not receive an increase in their pension in 2025 due to a personal dispute, as well as for the increase of the Program of Public Investments.

The Temporary Solidarity Contribution is calculated on the basis of excess profits as defined by Regulation (EU) 2022/1854, i.e. 33% of the taxable profits of the year 2023 that exceed 20% of the average results of the years 2018 to 2021, by proportion of the contribution imposed also on the taxable profits of the year 2022.

Refineries will have to submit a related electronic declaration to AADE by the end of September.

The Temporary Solidarity Contribution will be paid until February 28, 2025 and is fiscally calculated in the fiscal year 2024.

It is noted that for refining companies the extraordinary contribution will be reflected in the declarations of the tax year 2024.

In addition, a new provision provides the possibility for the Minister of National Economy and Finance to identify special activities, in which tax evasion is observed through the avoidance of payment by card, and for them to define a special type of marking, with which the professionals in Greek and English they will inform their customers about their ability to accept payments via POS and provide a telephone number for related complaints. Those who neglect this obligation will be fined 1,000 euros by the AADE or by the General Consumer Secretariat.

Finally, with the same amendment, compensation of 8.5 million euros is granted to the Sky Express company pending since the CoVid-19 period, after its approval by the European Commission, in proportion to the aid received by European airlines .