Approximately 250 million euros are expected to be earmarked for low-income pensioners’ allowances after the Greek government imposed a 33% extraordinary tax windfall on domestic refinery-petroleum companies’ excess profits, which is expected to bring in roughly 300 million euros in the state coffers.
Greek PM Kyriakos Mitsotakis affirmed the distribution of the money in an interview with Athens-based radio station Real PM, calling the move a “fair and ethically justified” policy.
According to an announcement from the Ministry of National Economy and Finance released earlier, following the imposition of the levy on refining companies for the year 2022, an extraordinary Temporary Solidarity Contribution (TSC) will be introduced for the companies based on the excess profits of the tax year 2023.
The TSC will be estimated based on the excess profits of the tax year 2023, as defined by Regulation (EU) 2022/1854, specifically 33% on taxable profits exceeding 20% of the average results from the years 2018 to 2021.
The Greek Prime Minister stated in the interview: “These revenues will support the budget and will be directed towards vulnerable social groups, especially retirees who did not see an increase in their pensions.”
The PM stressed that the decision for the windfall tax on refinery companies’ excess profits in 2022 was in the purview of the state’s right based on European regulation, adding that the Ministry of Finance decided to go ahead with the move. “I consider it a fair decision for social justice,” he noted.
Mitsotakis went on to reject claims his government was seizing business profits, or punishing entrepreneurship. “Our goal is to support the public investment program and our most vulnerable fellow citizens,” he concluded.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
