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The proposed provision of the 2018 Social Dividend Amendment raises to 710 million euros in 2018 as a single social benefit for the economically weak and vulnerable households. .
This amendment provides for the payment in 2018 of an exceptional social benefit of an amount of seven hundred and ten million (€ 710,000,000) in the form of a social dividend distribution intended to help people economically vulnerable households.
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The social dividend is tax-free and unbearable in the hands of the state or third parties, notwithstanding any other provision to the contrary, is not subject to any retention, is not bound and is not offset by debts contracted to the Tax Administration and the rest of the state, insurance funds or credit institutions. and are not counted in the income thresholds for the payment of any social or social benefits.
By joint decision of the Ministers of Finance and Labor, Social Security and Social Solidarity, the amount paid may be increased, if budgetary conditions allow, at the time of its issue. The same decision or similar decision defines the income criteria, the categories of beneficiaries, the basis and method of calculation, the exact amount of the social dividend distributed by category of beneficiaries, etc.
Based on the proposed provisions, the following financial results are generated in the state budget:
1. A lump sum of EUR 710 million from the payment of the aforementioned social benefit for the economically weak and vulnerable households.
2. Any additional expenses resulting from the possibility of increasing the amount of the aforementioned benefit, which depends on the issue of the contract in question. and the financial terms at the time of publication.
As Mr. Tsakaloros said, the successful execution of the budget in 2018 and the significant overrun of the budget target allow the distribution of a social dividend on the basis of income criteria, of ownership and other strict and well-targeted criteria, and with the aim of increasing the economically lower disposable income.
In 2018, an amount of € 710,000,000 is paid for the one-time benefit of a social nature, in the form of a distribution of a social dividend intended to support the economically weak and the poor. vulnerable households.
The social dividend is exempt from tax and unbearable at the hands of the state or third parties, notwithstanding any other provision to the contrary, is not subject to any detention, is not subject to and is not offset by debts owed to the tax administration and the rest of the state, and are not accounted for in the income thresholds for the payment of any social or welfare benefit.
By joint decision of the Ministers of Finance and Labor, Social Security and Social Solidarity, the amount paid may be increased if the budgetary conditions allow it at the time of its issue. The criteria of income, ownership, residence or other criteria for the payment of the social dividend, the categories of beneficiaries, the basis, the method of calculation and the exact amount of the social dividend distributed by category of beneficiary, the conditions, the procedure, the time and method of payment, the time and manner in which income and property criteria are verified for granting it by category of beneficiaries, and any other technical or detailed question.
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