Hatzidakis: Changes in tax exemption for return of property to short term leases

Announcement of changes in the regulation of tax exemption in rents for homes returning to the long term by the Minister of Finance, Mr., from forums appointed by the Financial Postman. Mr. Hatzidakis made it clear that the changes will concern short-term leases, but not the corresponding regulation on vacant properties because the extension of its perimeter would be unfair and unconstitutional. He also announced that the government would proceed with further reductions in direct taxes. The effort to tackle tax evasion pays more than any other period after post-policing. “We have,” he concluded, “in a year of 1.8 billion additional revenues with which we support social expenditure, public investment and also allow us to move towards further tax reductions.” Initiatives for banks At the same time, the minister announced that the government would soon proceed to initiatives for the banking system, which will be weighed.” These initiatives, as he said, will take into account citizens, businesses, society and the needs of the economy and on the other hand the need for a healthy banking system, ‘because when we did not have a healthy system, taxpayers paid for it. We do not populate, nor do we have easy solutions for everything like others,” thus supporting the relevant statements of Prime Minister Kyriakos Mitsotakis in London. The minister noted that the government is monitoring bank procurement policy as he said features “we do not have closed eyes for citizens who are upset with certain excesses.” He recalled that the government not only has encouraged banks to proceed with a reduction in supplies but has also taken legislative action to reduce 50% of supplies in low-level transactions. In addition, in 2025, the IRIS system will be extended and made compulsory to ensure zero supplies for consumers and very low for businesses. Apart from the issue of supplies, as Mr Hatzidakis stressed, “we are concerned about competition, we have taken steps with the possibility of non-banking institutions providing housing and some form of business loans”, as well as the issue of liquidity, especially for small and medium-sized enterprises and housing credit.