Thursday, January 27, 2011

Finance ministry begins consultation on new tax legislation

Greece’s Finance ministry on Wednesday announced amendments to a new tax draft bill, which was presented the previous day, and put the new legislation on the internet for consultation with interested parties. 
 
The amendments extracted from the legislation the introduction of a general attorney on financial crimes, stiffer sanctions –including jail sentences- for non-payment of VAT and other withholding taxes and introducing minimum income tax criteria for 11 categories of self-employed people (doctors, lawyers, architects, engineers). 
 
The consultation on the draft bill will end on Monday 31, January. 
 
Finance ministry officials said the amendments made on the text of the draft bill were part of a decision to finalize details with the Justice ministry and to be brought back at a later stage. The Justice ministry expressed reservations over the legal status of some of the legislation’s articles. 
 
 
 
source: ANA