The reduction of ENFIA and the business tax was voted: the KKE and the river were differentiated

A large majority voted in the plenary vote on amendments to reduce the EMF, the reduction of corporate tax rates, the social dividend and the amendment to the eye.

The positive measures were voted by all parties except the KKE and the river. The KKE voted against reducing the corporate tax rate, as well as against the measures taken in favor of the victims of the fire at Mati, and said "present" in the amendment to reduce the number of ENFIA. "Capitalist development is built on the ruins of people's rights and livelihoods," he said. Nikos Karathanbadopoulos, parliamentary representative of KKE speaking of the "government bombardment of amendments" and denouncing the fact that "these amendments are masks of the government's deeply anti-popular and anti-union policies". "The amendments you make do not cancel your clbad in favor of big capital, in favor of business groups, in favor of monopolies," he said. And Potami said "present" in all the amendments.

During the vote, the parties were placed as follows:

• the change in corporate tax rate was pbaded by all parties, except for the KKE who said "no" and the river that declared "present".
• the amendment for the reduction of ENFIA was voted by all parties except the KKE who declared "present" and the river that declared "present"
• the amendment to the eye voted for all parties except the KKE who said "no" and the river who voted "present".
• the amendment to the distribution of the social dividend was voted by all parties except the river that declared "present".

Amendments in detail

A significant reduction of ENFIA for more than 5.5 million homeowners, or 30% for real estate up to 60,000 euros, and a gradual reduction in corporate profits of 29% today to 25% in 2022, provides for two amendments presented to House by the Ministry of Finance.

The amendments signed by the Minister of Finance, Euclid Tsakalotos, and Deputy Finance Minister Katerina Papanatsiou, concretize the commitments of the government from the positive package presented by the Prime Minister concerning the reduction of ENPHIA and the corporate tax rate.

The example of an 80 m² Keratsini apartment with a total value of 60,000 euros is an indicator of the ENFIA reductions introduced with the amendment. Today, he is accused of ENFIA at 224 euros. In 2019, ENΦΙΑ is reduced to 157 euros (a drop of 67 euros or 30%).

In particular the amendment to the reduction of the ENFIA 2016 provides that:

• The tax is reduced by 30% when the total value of the property of the taxpayer rises to 60,000 euros.
• For the portion of the property value in excess of EUR 60 000, the 30% tax reduction is limited to EUR 0.7 per EUR 1 000 of real estate and may not exceed EUR 100.
• Excluding ENΦΙΑ and for 2019, parcels of natural persons from the additional property tax.
• According to the Treasury report, the shortfall arising from the provisions of the amendment for 2019 amounts to 260 million EUR.

The amendment to reduce the corporate tax rate provides that:

• The tax rate is reduced to 28% for the 2019 taxation year, from 29% today to 27% for the fiscal year 2020, to 26% for the year. the year of taxation 2021 and to 25% for the year of taxation 2022 and the following.
• The loss of revenue arising from this measure from fiscal year 2023 sums to 450 million EUR. In particular, for 2019 the cost is estimated at EUR 142 million, EUR 247 million in 2020, EUR 371 million in 2021 and EUR 515 million in 2022.

The extraordinary "social dividend" will rise to 710 million euros, with the corresponding amendment stating that the amount may be further increased if budgetary conditions allow. The amount credited to the beneficiaries' bank accounts will be irreparable. The criteria of income and property will be determined by ministerial decision. However, it is estimated that the criteria of income and ownership will be the same as the previous year, the amount of 710 million euros being identical to that of last year.

The modification of measures in the disaster areas of the municipalities of Marathon and Rafina – Pikermithe removal of buildings located in regulated forest areas, the completion of road network completion projects and the joint redefinition of sites that will constitute the pedestrian walkway routes from the coastal front to the front line More precisely, on the Mati site, 20% of the 1,700 buildings marked are directly and almost directly affected ", is emphasized in the text of the regulation. For the rest, the proposed amendment speeds up procedures for at least 550 erections and 3,000 repair permits.