Savings account at Greek banks? Tax on interest rates increased to 15%, retroactive 1.1.2013
They rip you off the moment, they smell you have a euro or two in your pocket or even worst at a bank savings account. Tax on interest rates from bank deposits and other bank products is increased from 10% to 15% and thus retroactive from 1. January 2013.
According to a statement by the Greek Banks Association (HBA), in accordance with the provisions of the recently adopted tax law, the tax rate on interest rates will be increased from 10% to 15% and banks will withhold the difference of 5% of the tax retroactive from 1. January 2013.
The tax increase refers to bank deposits, foreign bonds, repos, any form of securities issued by securities issued by subsidiaries of Greek banks abroad, bonds and Treasury bills of Greek state, Greek corporate bonds and securities issued in Greece by the European Investment Bank, the the International Funding Bank, the International Bank for Reconstruction and Development, the European Bank for Reconstruction and Development and the Asian Development Bank.
In this context, banks operating in Greece are required to make retroactive withholding of the tax difference (5%) from 1.1.2013, starting on 14. January 2013.
In simple words: if you have 50,000 euro in bank deposit with a 3.5% interest rate, you have been receiving 1.750 euro in interest year per year – 10% tax (175 euro) = 1,575 euro per year. Or 145 euro per month – 10% tax = 131 euro.
With the new tax up of 15%, you will receive net just 1,488 euro per year or 124 euro per month.
Furthermore, you will have to pay to the state retroactive via the bank some 3,50 euro for the two first weeks of January 2013.
If you consider a state is so greedy because it needs to grab even 3,50 euro from your pocket, you ain’t see nothing yet… Think of all those having smaller amounts in the banks and will have to pay one euro or even less retroactive to the state.
Ridiculous!
PS I hope, I didn’t make any calculation mistake
2013-01-15 10:30:34
Source:
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,403,069 |
| Stories: | 8,450,334 |
Whistler Blowers, Insiders
