Greece on Friday submitted a new tax bill to parliament demanded by its international creditors to boost
government income, dpa reported.
The new bill will generate some 2.5 billion euros (3.2 billion
dollars) in additional income annually, simplify the tax system and
crack down on tax evasion.
Eight tax brackets raging from 18 to 45 per cent will be replaced
with three tax rates of 22 per cent, 32 percent, and 42 per cent for
those with an annual income of more than 42,000 euros.
The new bill, which was submitted to parliament hours after
eurozone finance ministers agreed to release bailout loans for
Greece, is part of measures demanded by the European Commission, the
European Central Bank and the International Monetary Fund.