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Prior actions bill to raise taxes on lottery games and wine

first_img Facebook Twitter: @NeosKosmos Instagram After a marathon negotiation that concluded early on Tuesday morning, the government submitted a prior actions bill in Parliament in order to secure the €12 billion (the €2 billion tranche and 10 billion for the bank recapitalisation). Included in the bill, which was voted upon yesterday, are tax hikes in gambling and wine, among others.By introducing a special taxes on OPAP-operated lottery games and wine the government aims to replace the controversial 23 per cent VAT in private education. The government aims to generate €350 to €450 million from gambling and a further €110 million from wine (40 cents per liter).Furthermore, the bill limits the term of the new head of the General Secretariat of Public Revenue from five to two years. The bill also contains a number of provisions extending the repayment period of debts under the ‘100 installments’ settlement, while other provisions exempt taxpayers from paying taxes on uncollected rent.Source: AP, To Vimalast_img read more

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