Greece announces measures to protect employment and tax relief

This Saturday, Prime Minister Kyriakos Mitsotakis presented a series of measures aimed at softening the impact of COVID-19 on the country's economy

During a meeting held this Saturday with a group of businessmen, Greek Prime Minister Kyriakos Mitsotakis announced a package of measures that seeks to face the negative effects of the coronavirus pandemic on the national economy.

Mitsotakis said: “Our program especially protects employment. Because everyone can be infected with the coronavirus, but its consequences are more serious for people with lower incomes.”

They are temporary measures aimed at protecting employment and tax relief for companies in the midst of quarantine, trade restrictions, increased unemployment, yaxes.

So far in the pandemic, the Greek Government has disbursed approximately 15,000 million euros to alleviate the effects of the coronavirus.

Among the measures announced by Mitsotakis is the suspension of the payment of the “solidarity” tax by workers, farmers and the self-employed by 2021, which will be phased out by 2023. Also, the implementation in 2021 of a subsidy program of 100,000 new jobs of job. In the case of long-term unemployed, the subsidy would be an additional 200 euros per month.

In terms of taxes, VAT will be reduced from 24 to 13% and the Government will continue to guarantee bank loans to companies affected by the coronavirus. On the other hand, the official revealed that next October 1,400 million euros will be returned to some 2.5 million retirees “in application of the recent ruling of the Supreme Administrative Court that considered unconstitutional the cuts in pensions and pension supplements between 2015 and 2016.”


Source: es.investing

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