The tax advance on businesses and freelancers returns in 2022 – Tax announcements

The tax advance on businesses and freelancers returns in 2022, according to the announcements made by the Deputy Minister despite the Prime Minister and government representative, Giannis Oikonomou.

According to the announcements of Mr. Economos, “The tax advance is reduced from 100% to 80% for legal entities and 55% for natural persons”, but it returns to force, despite the Covid pandemic, due to which it was suspended .

According to what the government spokesman said for the Economy in 2022, the following will be implemented from January 1, 2022:

-The minimum wage is increased by 2% and there will be a new increase in 2022.

– The tax advance is reduced from 100% to 80% for legal entities and to 55% for individuals.

-The reduction of VAT rates continues for the first half of 2022. transport, coffee, soft drinks, movie tickets, tour packages and gyms.

– The mobile subscriber fee is reduced to 10% from 12% to 20%, which ranged until last year for all citizens aged 29 and over.

– From January 1, the income tax of legal entities was reduced from 24% to 22%.

-The suspension of the payment of a Special Solidarity Contribution for the private sector continues.

-The reduction of the insurance contributions of the employees of the private sector by three percentage points continues.

-Incentives are provided for mergers and acquisitions of small and medium-sized enterprises, including the deduction of income tax.

-30% of the expenses incurred by electronic means of payment to specific professional branches and up to the amount of 5,000 euros per year, are deducted from the taxable income of natural persons.

-The program “First stamp” is implemented for young people from 18 to 29 years old who have no previous work experience and will be hired in 2022.

– The mobile subscriber fee for young people up to 29 years old is abolished.

– The excise tax on diesel is refunded to young farmers who are members of cooperatives in the year 2022.

At the same time, to support the economy from the effects of the pandemic:

-The measure of suspension of employment contracts was activated from 1/1/2022 with special purpose compensation of 534 euros to employees in companies with specific business codes based on KAD (bars, restaurants with music, entertainment centers, etc.).

-Special purpose compensation is granted for January 2022 after the submission of unilateral declarations for artists who have been registered in the Register of Artists until January 10, 2021 with the specialty of musician and related specialties.

-The “SYN-WORK” Program is extended, which emerged as an important tool to support employment during the previous period until March 31, 2022.