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The “fever” of meetings in the government staff is increasing in the face of the announcements of the Prime Minister of Thessaloniki, with the information from the last hours converging on the fact that announcements are expected for a large “cut” of the solidarity contribution from 2021!
Negotiations with the Institutions have already taken place – after all, the time of the Preliminary Budget is approaching – and despite their reservations about the budgetary implications from 2022, when it is expected that the rules of the Stability Pact will again have In full force, everything shows that Athens will proceed with a tonic “injection” in people’s income, after the impact of the coronavirus.
The basic scenario contemplates the abolition of the joint tax in two phases, starting in 2021, and it remains to be clarified when the “cut” will begin, that is, if the reduction will begin in the second semester, when it is estimated that the cycle will close. of the economic impact of the pandemic – or earlier. Regarding the scope of the relief, the information speaks of a reduction in the contribution of at least 50%, without it being clear yet whether this reduction will be horizontal or whether it “photographs” small and medium incomes.
The desired reduction in the solidarity contribution can be achieved either by increasing the tax-free rate, which is currently € 12,000, or by reducing the rates, which range from 2.2% to 10%, or a combination of both. If, for example, the tax-free rate is increased to 20,000 euros, automatically those with such income will save 176 euros.
The decision has also been made for a “courageous” reduction in insurance contributions, which is estimated to be financed by the Recovery Fund if accompanied by extensive reforms in the labor market.
In any case, decisions on the details of the relay will be “blocked” literally at the last minute, after the end of the Eurogroup on Friday, in which it is expected to agree on the “freezing” of the rules of the Stability Pact in 2021.
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