Required online payments to rise

Taxpayers will have to increase their annual transactions made via credit/debit cards or e-banking by up to 50 percent, or face a hefty fine that will depend on the level of their income.

Kathimerini understands the regulation that will raise the minimum amount of online transactions toward the tax-free amount will be submitted to Parliament at the start of 2019.

Finance Ministry officials argue that the processing of income tax declarations in 2018 (concerning 2017 incomes) indicated that some 80 percent of taxpayers had made more card or e-banking transactions than they had to. They say this shows that the current thresholds for making the tax-free ceiling are particularly low and do not correspond to the volume of electronic transactions taxpayers make every year.

The government's plan provides for the amendment of the existing brackets, with the necessary...