"Imputed income": in April it is planned to reform the system from 30% "haircut"

In April next year, the economic apparatus of the government will receive the conclusion of a special commission on the reform of the system of subsistence level and imputed income (Τεκμήρια διαβίωσης).

Most Greek readers often hear the word “t”emiria” Another way to call it is “Tekmarto Isodima” The meaning of this can be translated into Russian as “imputed income” or “imputed expenses”, i.e. essentially it’s withumma, which, according to tax authorities, you should spend during the year, and therefore earn, having a certain standard of living.

The commission will be recommend measures to eliminate existing distortions and inequities that result in thousands of citizens with very low incomes paying disproportionately high taxes. Estimated calculation income tax is a measure designed to address weaknesses in the tax system in the fight against tax evasion.

Calculation of imputed income is based on declaring expenses for accommodation, cars, houses, purchase of goods (using cards, loans, etc.), tuition fees in private schools, rental of pleasure boats, presence of housekeepers on staff, etc. resulting in approximately 1.5 million citizens pay taxes based on imputed rather than actual income.

The current government has committed itself “cut” living costs by 30% from 2025. The financial headquarters believes that the mandatory use of myData electronic books and the strengthening of the electronic payment system can reduce the tax, but not completely abolish it.

The data confirms that most taxpayers caught in the imputed income trap are not “professional” tax evaders, but workers and retirees, mostly on low incomes, who pay extra taxes because they live in their own or rented home and have car.

It is significant that according to the latest tax return statistics, 547,827 workers who declared income of 1.46 billion euros were taxed on 2.84 billion, since additional “wealth” of 1.38 billion euros was “added” using imputed income . In addition, 465,238 pensioners who declared income of €992 million were taxed to the tune of €2.29 billion.

Competent sources leave open the possibility of changing the method of calculating imputed income. However, any changes made in this area will concern the average reduction Τεκμήρια διαβίωσης by 30%. The imputed income criteria will be:

• From €3,000 to €2,100 for single, married or cohabiting individuals who choose to file a return separately from their spouse or other cohabiting party.
• From 2500 to 1750 euros if he is married or has entered into a cohabitation agreement and decides to submit a joint application with his spouse or with the other party to the cohabitation agreement.

Source link