February 8, 2023

Athens News

News in English from Greece

Market Pass: how the amount is credited, which stores accept cards

Starting February 2023, applications for Market Pass (food cards) will begin, which is expected to give eligible households some breathing room. At the same time, the first payments will begin at the end of February, and are expected to continue for 6 months, that is, until … the elections.

Limits and subsidies

In practice, a subsidy of 10% of monthly purchases is provided for purchases by eligible households. The monthly purchase limit per household is €220 for a single member household, increasing by €100 for each additional member up to and including €1,000. The above amounts will be credited monthly to digital debit cardwhich can only be used in grocery retail stores.

In particular, the amount of money credited to the card can be used by the recipient to make purchases from businesses operating in the food retail sector, in particular in the following areas:

  • Grocery,
  • Supermarkets
  • Butcher shops
  • Confectionery
  • Dairy stores
  • bakeries
  • Various food stores.

If the recipient does not spend the monthly amount on the digital card, the balance is transferred and can be used in subsequent months. In case the beneficiary decides to make a deposit to a bank account, the amounts are paid quarterly and the amount of assistance is 80% of the above.

See also: Market Pass: how to get the most money, and what you need for this

A detailed guide to issuing a Market Pass can be found here.

The following are excluded from assistance:

  1. Individuals who are listed on the Personal Income Tax Declaration as dependent members (in accordance with Article 11 of Law 4172/2013).
  2. Individuals who declare in their Personal Income Tax Declaration that they are not required to pay it.
  3. Individuals subject to wealth tax.
  4. Foreign tax residents.
  5. Individuals who have not submitted their 2021 income tax return by December 31, 2022.

To determine the above benefits, the data of the declaration for the 2021 tax year, drawn up as of December 31, 2022, are used.

How to claim your Market Pass

The individual beneficiary (the person responsible for filing the income tax return, or one of the two spouses/participants in the case of filing a separate return) logs into the relevant electronic platform at gov.gr using taxisnet codes, where eligibility and monthly spending are confirmed for shopping. The citizen can then use a digital debit card or receive assistance in their bank account.

In the case of receiving assistance on a bank account, he receives 80% of the assistance amount quarterly and can use this amount at his discretion.

In case of use digital debit card, the full amount of assistance is credited monthly, and in particular, the first credit is made until the end of February 2023, and then during the first week of each month.

Beneficiary Cost Calculation

It is estimated that 83% of households meet the income criterion and 95% of households meet the ownership criterion. Potential beneficiaries are estimated at around 3.2 million households (out of 4.1 million households) with around 8.5 million members (out of 10.4 million population). The average purchase limit is estimated at around 380 euros and covers purchases of around 1.2 billion euros per month. Expenses for six months, assuming that about half of the households decide to use a debit digital card, will amount to about 650 million euros. All expenses will be covered by the budget reserve allocated to combat the energy crisis and inflation.

See also: Market Pass guide: when the platform will open and payments will be made

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