Positive Measures Agreed with Lenders Include Lower Tax Rates, New Jobs, Household Support

Positive Measures Agreed with Lenders Include Lower Tax Rates, New Jobs, Household Support

The positive measures approved by the Greek government and its lenders after the achievement of a technical agreement which will be implemented in 2019 and 2020 include reducing the tax weight for businesses and individuals, opening jobs and supporting households, government sources said on Tuesday.
Some of the measures are the following:
Revenues –Taxes
-Reduction of tax rate for businesses to 26% from 29%
-Reduction of tax rates for individuals to 20% from 22%
-Reduction of unified property tax (ENFIA) by 200 million euros and recalculation, in the immediate future, of property prices based on market value.
Expenses
Rent subsidy
-Total amount is 600 million euros
Family subsidy
-Increase by 260 million euros of the existing budget for family benefits
Jobs
-Creation of more than 30,000 new jobs
-The company will commit to keeping the employee for six months after the expiration of the program

ANA-MPA

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