of Dimitris Katsaganis
The taxation of the lump sums of the professional funds was actually announced yesterday by the Deputy Minister of Labor, Mr. Panos Tsakloglou, speaking at a presentation of a study by IOBE on behalf of the Hellenic Association of Occupational Insurance Funds (ELETEA).
As Mr. Tsakloglou characteristically stated “the development of such an important institution can not and should not be based on ephemeral tax incentives but on principles, rules, real needs, bonds of trust and high quality services to the insured. All over the world “The rule is that the Occupational Funds mainly offer a supplementary monthly income – that is, a pension. In Greece, the almost universal rule is to provide only a lump sum. I think this should be a problem for us.”
Circles of the Ministry of Labor reported to Capital.gr that the lump sum of the professional funds is tax-free, although it is income. The same sources stated that, on the contrary, the lump sum given by the pension funds is taxed. Therefore, a lump sum tax on professional funds should also be considered.
The same sources state that a relevant discussion will be opened in the coming months.
Source: Capital
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