The multi-bill submitted to the Parliament regulates the issue of incentives for the realization of expenditures with electronic means of payment.
The following are proposed in detail in Article 50:
Article 50
Incentives for the realization of expenses with electronic means of payment - Amendment of article 15 of law 4172/2013
1. At the end of circumstance d) of par. 6 of article 15 of law 4172/2013 (A’167) a paragraph is added and circumstance d) is formed as follows:
"D) The costs of acquiring goods and receiving services by electronic means of payment are taken into account for the application of circumstance b) of this article, if they are included in the following groups of the consumer price index of EL.STAT:
Group 1 (Diet and non-alcoholic beverages).
Group 2 (Alcoholic beverages and tobacco).
Group 3 (Clothing and footwear).
Group 4 (Housing), excluding rents.
Group 5 (Durable goods, household goods and services).
Group 6 (Health).
Group 7 (Transport), excluding expenditure on tolls and the purchase of vehicles other than bicycles.
Group 8 (Communications).
Group 9 (Recreation, cultural activities), excluding the market for boats, airplanes and aircraft.
Group 10 (Education).
Group 11 (Hotels, cafes, restaurants).
Group 12 (Other goods and services).
Especially for the fiscal years 2022 to 2025, certain sub-categories of expenditure of Group 6 (Health), for which the use of electronic transactions is not widespread, are calculated at twice their value to cover the required amount of expenditure of approx. B ) of par. 6. ».
2. The first paragraph of circumstance g) of par. 6 of article 15 of law 4172/2013 is replaced and circumstance g) is formed as follows:
"G) By decision of the Minister of Finance, upon the recommendation of the Governor of AADE, the subcategories of expenditure of the last paragraph of circumstance d) and any other necessary details for the application of this paragraph are determined. A decision of the Governor of AADE determines the procedure for collecting the necessary data from the payment service providers. "
3. After par. 6 of article 15 of law 4172/2013, par. 7 is added as follows:
«7. a) Especially for the tax years 2022 to 2025, from the taxable income of the natural person from employment and pensions, business activity and real estate, exclusively for the calculation of the income tax, a proportion equal to thirty percent is deducted (30%) of the costs of receiving services, for some expenses of Groups 4 (Housing), 5 (Services), 7 (Transport), 9 (Leisure, cultural activities), 10 (Education), 12 (Services) of approx. ) of par. 6 made by electronic means of payment in accordance with item a) of the above paragraph.
The amount of income deducted does not exceed the amount of five thousand (5,000) euros per year nor the actual income from paid work and pensions, business activity and real estate.
b) By decision of the Minister of Finance, upon the recommendation of the Governor of AADE, specific costs of receiving services may be determined for which the use of electronic transactions is not widespread, to which case a) applies, as well as any other necessary detail for the application of this. "
Explanatory Memorandum
Article 50
The proposed provisions try to tackle the phenomenon of tax evasion that occurs in professional sectors and sectors of the economy by providing incentives for conducting transactions by electronic means.
Source: Taxheaven