4 ms·
Allow me to explain better. The 30% comes before any tax. Also it does not include payments for taxes, rent and other things. So, let's say I make €40K/year.
by andmarios 7y ago
Allow me to explain better.
The 30% comes before any tax. Also it does not include payments for taxes, rent and other things.
So, let's say I make €40K/year. My tax will be about €11K. Further taxes, such as owning some property, owning a car, can add €1-3K more. My rent may be €7K.
So now, I have already spent ~€20K but this does not count towards this limit. I still have to spent €12K on various things (food, services, goods, which come with 24% VAT in Greece) or I get an additional 22% tax.
It's madness!
- mnw21cam 7y agoThe article says that payments for rent do count towards the limit. Can you re-confirm?
- andmarios 7y agoI can. Rent does not count towards spending but it counts towards... earning. So, if you own a house and rent it to others, the rent is part of your income. If you rent a house to leave in, the rent is not part of your spent amount. There is a special clause, that if you spent more than 60% towards tax, rent and loan payments, then you only have to spent 20% of your income on services, goods, etc.
- docdeek 7y agoThe article explicitly includes rent: "Greeks can use debit cards, credit cards, bank transfers and ecommerce for the electronic transactions, which includes rent."