The temporary tax on gross earnings in the public and private sector is extended until 2016. The detailed scales are as follows:
1. From € 0 – € 1500 the levy is zero.
2. From € 1501 – € 2500 the levy is 2.5 %.
3. From € 2501 – € 3500 the levy is 3 %.
4. From € 3501 and over, the levy is 3.5 %.
We should not forget that in the public sector, there will be horizontal reduction of 3% in the salaries and pensions at all scales from the new year.
From the first day of the new year, VAT rises from 18% to 19%, while the tax on fuel will be increased by 5 cent a liter.
Changes will happen to road taxes as well, since the calculation will be based on pollutants. More specifically:
1.From 0 – 120g carbon dioxide the cost will be 0.05 cents to the maximum charge of €60.
2. From 121 – 150g of carbon dioxide the cost will be €3 to the maximum charge of €150.
3. 150g of carbon dioxide and more, the cost will be €8 and there is no maximum charge.
Last but not least, we must not forget that the corporate tax rate will be 12.5%, the tax on the interest income will be 30% and the bank fee 0.15%.
