20.8 C
Nicosia
Friday, March 24, 2023

Tax breaks and more in the run-up to parliamentary elections

Must read

Tax breaks and more in the run-up to parliamentary elections

The May parliamentary elections may help businesses and households, as it is a good time for lawmakers to submit bills aimed at tax breaks or boosting social benefits. On Monday, at the meeting of the parliamentary Committee on Finance, three bills will be discussed by MP Panikos Leonidou, on behalf of the DIKO parliamentary group, with the intention of easing the obligations of companies and the self-employed. Proposals for a law in a similar direction have been submitted by MPs Angelos Votsi, Marino Mousioutta, George Prokopiou, on behalf of the Alliance of Democratic Forces – DIPA.

DIKO raises the issue of suspension of the obligation to pay the annual fee of companies for the years 2020 and 2021, due to the prolonged health crisis. In addition, it calls for a distinction to be made between registered companies in categories, so that those falling into the “very small and small business” category have an obligation to pay an annual fee of 100 euros, while those “medium and large” have an obligation to pay an annual fee of 350 euros.

Also, with a draft law, DIKO requests an amendment to the Law on Certification and Collection of Taxes, so that the deadline for submitting an employer declaration (TF7) for the tax year 2020 is postponed from February 28, 2021 to December 31, 2021. Another proposal requests the deadline submission of tax return by natural persons (employees and self-employed) for the tax year 2020 to be postponed from 31 July 2021 to 31 December 2021. The deadline for submission of tax return by persons who are required to keep books and records and prepare accounts controlled by an independent auditor (self-employed with a turnover exceeding € 70,000 and companies) for the tax year 2019 to be postponed from March 31, 2021 to December 31, 2021.

DIKO MPs Zacharias Koulias, Pavlos Mylonas, Christos Orfanidis, as well as Elias Myrianthous of EDEK have submitted another bill, in order to ensure the right of the mortgage debtor to appeal to a competent court and to file an application for extradition. intended sale of the mortgaged property or for the set-aside of the notice of sale, disputing either the existence of a debt, or the amount of the debt, or the legality of the contract, or the legality of the mortgage.

The purpose of another draft law, DIPA, is to amend the law on income taxation, so that the loss of assets of depositors and holders of securities of credit institutions, resulting from the resolution measures in a licensed credit institution, including securities , to be deducted from taxable income, starting from the tax year 2020.

Source: www.philenews.com

- Advertisement -AliExpress WW

More articles

- Advertisement -AliExpress WW

Latest article