Taxpayers face a new “fiscal heat wave” over the next seven months, as, in addition to the “tsunami” of accuracy hitting family budgets, they will have to dig deep for tax administration.
In particular, after the “relaxed” two-month period from April to May, when tax obligations were “flying” compared to the other months of the year, from the current year and the next six the tax burden will be lifted. It should be noted that based on budget data, between June and December, taxpayers will have to pay 39.425 billion euros to public funds, against around 23.5 billion that they paid in the first five months, so that at the end of the year o The fundraising target of 62.899 billion euros was reached.
It is also characteristic that in 2024 the “champion” month in terms of collections will be July, when revenues of around 6.7 billion euros are expected to flow into the public coffers, while the month with the lowest “needs” was March during which is esteemed. which around 3.7 billion euros were raised. It should be noted, of course, that the increase in collections in the second half of the year is naturally justified by the fact that in the second half of the year the tax on personal and corporate income, the remaining installments of the National Income Tax, as well as road taxes, as well as a number of other obligations are paid. It is clear that the government’s economic team still maintains that the increase in the flow of taxes comes from income growth, due to increases in salaries and pensions, but also from the limitation of tax evasion.
However, again this year the government’s economic team supports its expectations of an increase in the collection of indirect taxes (VAT, VAT), which for another year are the main “blood donors” of revenues since and due to the increase in prices that dominate the market, in products and services, further burdening family budgets, while reducing the market’s turnover. In any case, of course, to achieve the objectives that have been set, it is a necessary condition that the budget remains immobile on the “rails” of fiscal stability in order to implement any new interventions – land accurately to support families and businesses.
However, the question that arises is how taxpayers will deal with the “heat of taxes” that they have to pay, as they find it difficult to fulfill their obligations every month, as is also reflected in the path of debts owed to the State. To date, they are constantly “flying” above 107 billion euros. It should be noted that 1.5 million taxpayers are already facing forced collection measures, while another 2.2 million taxpayers are under the “Sword of Damocles”. This is, after all, the great “agony” of the financial framework, if taxpayers are finally able to meet the obligations that, although significantly lower than in previous years, add up to a series of many burdens that have been imposed on citizens. .
Tax goals
It should be noted that based on the goals of the new State Budget, collections should move monthly between June and December as follows: June: 27,940, July: 34,676, August: 41,102, September: 46,373, October: 52,290, November : 57,403, December: 62,898. It should be noted, however, that based on this year’s budget projections, taxpayers are forced to pay more taxes, as:
1 Taxes on goods and services: Revenues from taxes on goods and services are expected to amount to 35.169 billion euros, an increase of 1.471 billion euros or 4.4% compared to 2023. Specifically:
- VAT revenues are expected to reach 24.379 billion euros, an increase of 1.161 billion euros compared to 2023 and
- excise taxes are forecast at 7.067 billion euros and increase by 27 million euros compared to 2023.
two Income tax: Income tax revenues are expected to amount to 21,652 million euros, an increase of 707 million euros or 3.4% compared to 2023. Specifically:
- personal income tax is forecast at 13.337 billion euros and is 959 million euros higher than in 2023, which is mainly due to the expected increase in salaries, as well as the new way of taxing self-employed workers and despite increasing the tax exemption limit of 1,000 euros for taxpayers with one or more dependent children,
- corporate income tax is expected to amount to 6,696 million euros, a reduction of 295 million euros compared to 2023, due to the balance of factors that had a fiscal impact in the previous year (temporary solidarity contribution to refining companies).
3 Regular Property Taxes: Revenues from regular property taxes are expected to amount to 2.487 billion euros, a reduction of 52 million euros compared to 2023, mainly due to the reduction of the ΕΝ(1)FIA by 10% for owners who will take out the insurance of their homes against natural disasters.
4 Import taxes and fees: Revenue from import taxes and fees is expected to amount to 392 million euros, an increase of 23 million euros compared to 2023.
5 Taxes on capital: Taxes on capital are expected to reach 239 million euros, the same amount as in 2023.
6 Other current taxes: Revenue from other current taxes is expected to amount to 2,428 million euros, an increase of 68 million euros compared to 2023.