FinMin Venizelos on medium-term fiscal strategy measures

Finance Minister Evangelos Venizelos on Thursday stressed that “within the framework of the Medium-Term Fiscal Strategy a finalisation of certain choices that are fair and acceptable to our partners are being made.”
Speaking during a press conference, Venizelos stated that “our goal is to regain our credibility and create the preconditions for a more effective negotiation on our fiscal problem and in particular, the long-range sustainability of our debt.”
“It is crucial that the medium-term programme and the law executing it will be voted in Parliament by June 30, because the medium-term programme is the precondition for the fifth aid instalment,” he said.

Among the measures mentioned by the minister of finance are, the establishing the same price for diesel used for heating and other commercial uses for businesses, a higher special tax on heating oil for households, and a one-off 5 percent contribution for all public officials, such as parliamentart deputies and local government administrators, whether appointed and elected.

The tax-free allowance for real estate property holdings will be reduced to 200,000 euros, an extra 'solidarity' tax ranging from 1 pct to 5 pct will be imposed on all incomes, a 'enterprise fee' of around 300 euros for all business people were other measures envisaged.

There will also be a 10 percent tax on the section of personal income between 8,000-12,000 euros - exempting those under 30 years old, pensioners over 65, the disabled and possibly those in low-paid temporary employment as freelance workers.

The 'solidarity levy' will range from 1 percent for incomes between 12,000 and 20,000 euro, 2 percent for incomes over 20,000 euro to 50,000 euro, 3 percent for incomes over 50,000 until 100,000 and 4 percent for all incomes greater than 100,000 euro a year.

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