Solidarity levy set to shrink as of July | Business

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Taxpayers on middle incomes – i.e. earning from 12,000 to 50,000 euros per year – will benefit annually by between 2.2 euros and 207 euros from the reduction of the solidarity levy in the second half of 2020, Kathimerini understands. On an annual basis the cut amounts to 4.4-415 euros.

The government’s plan provides for the gradual abolition of the levy to begin from July 2020 and to be completed in 2021. There are many scenarios on the table, and they all depend on the fiscal space to…

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Source: ekathimerini.com