Buried under an avalanche of tax hikes by the former ruling Radical Left SYRIZA, which reneged on promises to cut or end them, Greeks may get some relief from the New Democracy government which is looking to reduce the solidarity levy.
That fee takes more money from paychecks or payments to be directed to help more vulnerable sectors but a ministry official who wasn’t identified told Kathimerini that a number of plans are being considered to figure how much, and when, cuts could be made.
For example, if the government saves 240 million euros ($269.29 million) for 2020, this could be used to cut the solidarity levy by 10 percent for 2019 incomes and by the same rate for 2020 incomes, the report said.
The final decisions will not be made before May, when the government has more information about the budget for 2021 and revenues and a few days before tax declarations for 2019 incomes must be made.
Finance Minister Christos Staikouras said it’s not for certain whether the government will have the fiscal wiggle room to make the cuts for 2020 but that it will happen for sure in the following year no matter what the case.
Read more at thenationalherald.com
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