New Bill Gives Tax Cuts to Greek Politicians

Tuesday, March 7th, 2017
Last Update: 13:45

A new Greek parliament article exempts politicians from the special tax called “solidarity contribution,” amounting up to 2,000 euros per year, an Eleftheros Typos newspaper report says.

According to the report, the article 43A of the Income Tax Code that exempts politicians from the special levy is included in bill 4387/2016 that was voted in parliament in May 2016. 

The bill applies to the president, prime minister, ministers, members of parliament, general and special secretaries, region governors, mayors and heads of independent public agencies and organizations.

The article abolishes a previous article from 2014 that provided for the imposition of the levy with an increased rate of 8% in the total income of all political persons.

According to the new tax bill, all politicians are treated as the other taxpayers. The solidarity contribution is calculated as follows:

0% for the first 12,000 euros of annual income2.2% for incomes from 12,001 to 20,000 euros

5% for incomes from 20,001 to 30,000 euros

6.5% for incomes from 30,001 to 40,000 euros

7.5% for incomes from 40,001 to 65,000 euros

9% for incomes from 65,001 to 220,000 euros

10% for incomes of 220,001 euros and above.

The scale shows annual reductions of 1,049 to 1,999 euros for politicians.

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