Greek Industry Body Recommends 20 pct Tax on Large Investments

Greek Industry Body Recommends 20 pct Tax on Large Investments

‏The Hellenic Federation of Enterprises (SEV) recommended a cut in the taxation of large investments to 20 pct and expanding the option of offsetting losses with future earnings from five years currently to 10 years, to safeguard offsetting high losses recorded in the years of successive recession.
SEV also recommended the set up of regional commissions to resolve pending tax disputes which could raise at least 100 million euros annual tax revenue for the next five years.
Eftihios Vasilakis, member of SEV’s board and head of the tax affairs commission, presenting the Federation’s proposals, said that SEV was supporting the idea of a tax certificate – which was introduced in 2011 and 2014 - and led to an increase in tax adherence of enterprises to 92 pct, to expanding a tax base by 5.5 billion euros to annual tax revenue of 400 million euros for the state.


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