Greek govt expected to announce tax measures, reforms on Thurs.

Amongst others, an electronic card (credit, debit or something else) will reportedly be used in transactions of more than … 70 euros

Protothema.gr on Tuesday reports that Greek PM Alexis Tsipras will unveil a set of measures on Thursday aimed at combating tax evasion and replenishing the almost empty state coffers – a stepped up bid by Greece’s leftist government to prove to European creditors that it’s now serious about reforms.

Amongst others, an electronic card (credit, debit or something else) will reportedly be used in transactions of more than … 70 euros. No word on how craftsmen that make home visits will be paid – instead of cash in hand – or if many shop purchases will max at …69 euros.

Another measure, expected to raise objections, is a special “hotel stay tax” during the April-October period at specific high-end destinations and on lodgings  probably above three stars or more. The government will also make failure to turn over VAT remittances a felony and grant full autonomy to the General Secretariat for Revenue.

Protection from foreclosure will be granted to primary residences with an objective tax value of up to 200,000 euros. Exact details are pending on measures for non-performing retail loans, as well as what, if any, state assets will be privatized, along with the all-important terms for the latter, i.e. full privatization or a partial sell-off with the state retaining a minority ownership share.