Italy‘s government has unveiled its annual budget, a two-part performance that typically unfolds with the initial presentation of the draft followed by a flurry of parliamentary amendments closer to Christmas. This year’s maneuver, the first to adhere to the stricter guidelines of the European Stability Pact, has sparked debate about its winners and losers. Early … Read more
Table of Contents 1 What does the budget bring? 1.1 Taxes on goods and services 1.2 Taxes and duties on imports 1.3 Regular property taxes 1.4 Other taxes on production 2 Income tax 2.1 Capital taxes 2.2 Other current taxes 3 According to the final draft of the new budget, next year households, businesses and … Read more
Interventions in the personal income tax scale, the abolition of the business tax, a further half-percentage point reduction in social security contributions and a “haircut” of the living standards are included in the government’s plan, which will be rolled out until 2027. The way for new permanent tax relief for households and businesses will open … Read more
Employees remain the wealthiest Greeks according to the analysis of data from the 2024 tax returns (income earned in 2023). The self-employed are now in 2nd place, mainly due to the change in the way they are taxed (presumptive determination) and not because they declared higher incomes, while pensioners are marginally further down. The total … Read more
Tax compliance rates are high as taxpayers, despite continued accuracy, pay more than 8 out of 10 euros of total VAT, income tax and ENFIA debts on time. The data of AADE show that the collection of the most basic taxes (VAT, income tax of natural and legal persons and ENFIA) reached 81.88% in the … Read more
The income tax assessed this year for taxpayers with a debit settlement note is breaking the bank. With the curtain on personal tax returns falling on Friday 2 August, a tally of tax returns already filed shows that this year the total amount of income tax to be assessed will exceed 4 billion. euros against … Read more
As a part of the automated submission of tax returns, different revenue classes are to be included, in keeping with the plan of the Unbiased Public Income Authority (AADE). This yr’s …guess with the declarations of roughly 1.3 million workers and pensioners, is barely the start, as no less than seems from the choice of … Read more
The 2024 budget has exceeded tax revenues with… good morning due to the extensive accuracy that prevails, according to the official data of the Ministry of National Economy and Finance. In particular, tax revenues amounted to 5,654 million euros, increased by 461 million euros or 8.9% compared to the target included in the introductory report … Read more
Starting this week, the Tax Authorities will send approximately 2.4 million provisional income tax assessments for 2024. Some people automatically receive a provisional assessment from the Tax Authorities. The Tax Authorities impose this assessment if it is estimated that people will have to pay a relatively large amount of additional tax after the end of … Read more
highlights Don Dawood Ibrahim’s properties were bought by lawyer Ajay Srivastava. He says he wanted to stand up against a ‘terrorist’. He came up with this unique method to fight Dawood. Mumbai. Lawyer Ajay Srivastava, who bought the properties of mafia don Dawood Ibrahim in Mumbai, says that he wanted to stand against a ‘terrorist’. … Read more