Advance tax demands

[Maik]

Taxpayers to be billed in advance

Pensioners and salary workers who make as little as one euro in annual revenues from properties or freelancing will have to pay a tax deposit equal to 55 percent of their income for the following year, according to officials at the Finance Ministry.

The officials add that the income tax is a single charge, and if it stems from two or more sources of revenues (i.e. salaries or pensions plus freelancing or properties), the tax paid in advance for next year will amount to 55 percent of the total tax paid for this year.

Salary workers and pensioners with just one source of income, as well as some self-employed, will be exempted from having to pay a tax deposit for the following year.

http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_13/02/2014_537374