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Next Previous Price ceiling, VAT reduction and increase of bonuses HOME • INSIDER • CYPRUS • Price ceiling, VAT reduction and increase of bonuses
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The need to preserve, expand and restore the institution of Automatic Indicator Adjustment, as in force before the memorandum, the imposition of a ceiling on prices of basic goods and the reduction of VAT are recorded, among other things, in the proposals sent by the unions to the Government. tomorrow Friday, to consider new anti-inflation measures.
Their suggestions were requested by the government itself, with a relevant letter sent to all the social partners by the director of the Office of the PD.
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PEO, in fact, published yesterday the reply letter sent to the director of the Office of President Anastasiadis, which emphasizes, among other things, the need to strengthen vulnerable groups of the population, due to the accuracy through the increase of various benefits. Specifically, the secretary general of PEO Sotiroula Charalambous emphasizes the need to increase social benefits, in order to cover the erosion they have suffered due to inflation and increased living costs, recording the fact that “the amount of the Minimum Guaranteed Income remains at the same amounts since 2014 when it was introduced .
To address the accuracy, PEO, as it appears from its letter, proposes a reduction of VAT on electricity to 9% for as long as the problem with increased prices lasts, the creation of a fund to address energy poverty with revenues from the trade of pollutants, integration of all low-income retirees in the special electricity tariff (20% discount), reduction of VAT on basic necessities and utilization of the possibility of imposing a ceiling on essential necessities. In the same letter, PEO expresses its opposition to the proposal of the CCCI to suspend the payment of ATA for 2022, even requesting the immediate start of the dialogue at the Ministry of Labor with the aim of fully achieving ATA and expanding the institution of ATA to all employees. According to the PEO, the national minimum wage also needs to be introduced immediately.
The SEC also sent its own suggestions for the elaboration of a comprehensive anti-inflation policy, as it informed yesterday through the “Labor Voice”, with the union reminding that in fact it sent relevant suggestions to the government from October 15, 2021, after the of the Russo-Ukrainian crisis and has been running at an increased speed since May 2021. We remind you that the reduction of VAT, the imposition of a ceiling and the full reinstatement of the ATA were among the suggestions presented by the SEC at the time.
The full restoration of the institution of ATA as a mechanism for protection of salaries is imperative, DEKOK states in its announcement yesterday, for the proposals that it submitted for dealing with accuracy. In addition, the institutionalization and immediate implementation of a general minimum wage with integrated ATA will significantly contribute to the support of low-income workers, who are threatened by poverty and social marginalization, says DEOK, which even proposes the implementation of an emergency plan for all welfare due to accuracy. The union also proposes to impose a cap on the prices of basic consumer goods, as well as to extend the tax cut to & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; fuel and electricity by the end of 2022.
