TIF 2020: “Tax Cuts” Approaching – What Prime Minister to Announce Saturday – Newsbomb – News



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In the next 24 hours, the package of financial interventions to be announced by Prime Minister Kyriakos Mitsotakis of Thessaloniki next Saturday (12/09) is finalized, opening the work of the International Exhibition – “Measures – embankment” in the recession with financial interventions .

Finance staff are advancing at the pace of TIF as it has closed the package of support and tax relief measures to be opened by Prime Minister Kyriakos Mitsotakis in Thessaloniki on Saturday.

The reduction of insurance contributions and the extension of temporary tax reductions are considered facts.

According to government planning, The timing and extent of support measures will depend on the course of the economy with the “key” events on the front lines of the pandemic.

However, the deep recession in the Greek economy in the second quarter of 2020, which reached 15.2%, widens the gaps in fiscal figures and financial personnel, in order to align forecasts with the evolution of the economy real, proceeds to increase loans by 6,000 million. euro.

Anticipating what the prime minister will announce next Saturday, Government spokesman Stelios Petsas, speaking on Open TV Sunday morning, noted that “It will be a strong reinforcement and support package that will not only have short-term features, but will also have more permanent features.”

In the ad basket it is expected to be the payment of retroactive payments to pensioners in both the public and private sectors, while the increase in the appropriations of the budget for this year by 1,400 million euros is already legislated, since the plan foresees the payment of all in two installments. One in October and December or a single ending from September to October.

Within 2020, all retroactive payments to retirees will be paid in one lump sum. It is estimated that Iliquidity in the market will fall by 1,400 million euros, while if taxes and fees are deducted, the real effect will be around 1,000 million euros.

Increase to Mrs.280 euros a month are expected to receive thousands of retirees who receive a temporary pension.

“Especially those in the sectors of the economy that have been hit the hardest will see significant support throughout the period until the start of next season.” Stelios Petsas underlined.

Part of the package will be directedFight unemployment by subsidizing the contributions of new hires and measures to help seasonal workers.. “There will be provisions for tax cuts” by Kyriakos Mitsotakis has stated Christos Staikouras, however, avoiding giving further details.

However, according to information, the period of suspension of work contracts will be extended with the simultaneous payment of the special monthly allowance of 534 euros to employees, self-employed and professionals and an additional extension until the end of the year of salary subsidies and contributions shift insurance and further simplification of the procedures of the COOPERATION program.

On top On the agenda is the tax cut in 2021, with “scissors” on the roof of 6,500 euros, a fixed amount for health care contributions or a new horizontal reduction of contributions in favor of third parties.

Also, on the table is the reduction of the solidarity contribution, the reduction of the rate of return, setting of target values ​​in 2021, with a parallel reduction of ENFIA, the extension of temporary VAT reductions, as well as the third round of repayable advances.

Extension of the measure for the imposition of reduced VAT rates to the “tourist package”. The reason for the reduced VAT (from 24% to 13%) that is valid for the period from June 1 to October 31, 2020 on transport, movie tickets, coffee and non-alcoholic beverages and the reduction in the tourist package of 80 / 20 (that is, 80% to 13% and 20% to 24%) to 90/10.

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