Accepted expenditure will be:
- purchases for food and supermarket products, electronic and electric devices, household equipment, footwear, clothing, fuel, furniture, cigarettes, drinks
- Restaurants, cafeterias, bars and hotels
- Services like by hairdressers and beauty parlors, gyms and dance schools, car repair, plumbers, electricians, painters, carpenters, lawyers and accountants.
- For doctors and pharmacy the same practice will be valid as in last year. The tax office will accept the expenditure only if payments are made per credit card or bank transfer.
- Expenditure for utility bills, landlines and mobile phones, heating, rent, loan repayments that in fact swallow the largest amount of monthly expenditure for private households will not be accepted. Also not accepted is expenditure for toll and transport tickets.
- 10% for annual income up to โฌ10,000
- 15% for annual income โฌ10,001-โฌ30,000
- 20% for annual income over โฌ30,001
Find the Surrealism
- income โฌ7,000: expenditure per plastic money must be โฌ700
- income โฌ10,000: expenditure per plastic money must be โฌ1,000
- income โฌ30,000: expenditure per plastic money must be โฌ4,500
- income โฌ60,000 expenditure per plastic money must be โฌ12,000
I heard on television that couples will have to spend separately - but better check with your accountant. The average taxpayer in Greece needs an accountant anyway, someone who will follow the revenue-expedience balance month by month for the sake of the tax office.
In the bizarre Greek world we live in, households will be obliged to spend money even if they do not want to. As the large part of monthly need coverage (utilities etc) is not accepted by the tax office, households who do not manage to reach the necessary percentage through supermarket percentages will have to go and spend like crazy in retail, dance schools and gyms and other goods and service providers.
Exempted from the compulsory usage of credit/debit cards are seniors over 70 years old, residents of remote areas and people with disability over 80%. I suppose they will have to continue the collection of paper receipts.
KTG understands that with these new system, taxpayers will not need to collect the stupid receipts from cash register, where the amount had faded away when they were supposed to be brought to the tax office in a huge plastic bag.
The cap for cash transactions falls from 1,500 until 31.12.2016 down to 500 euro. In simple words: any purchase of good and service over 500 euro will need to be done via plastic money.
Comment: There appears to be a global move towards getting rid of physical cash. The elites look to be interested in eliminating all forms of currency other than what can be counted in a computer. That does not bode well if the world's electric grids ever fail us. See also: