Hatzidakis: No extension to the interface between POS and cash registers 2024-04-09 04:09:25

“Don’t believe any rumours, there is not a one in a trillion chance that an extension will be granted,” noted Mr. Hatzidakis, underlining that the completion of this emblematic project “it is primarily a matter of tax justice and an important tool in dealing with tax evasion». In addition, he recalled that:

– Already today, half of the businesses have made the interconnection, while based on the appointments scheduled until the end of April, 90% of the interconnections will have been completed. “So what are we going to do? Shall we say to 90% you are the clowns of the case and 10% will be the smart ones who will smile at the health of the clowns? You want it; I can’t imagine we want 90% paying and 10% not paying. It is not fair in relation to competition between businesses’ he reported.

– It is a milestone in the Recovery and Resilience Fund. As explained by Mr. Hatzidakis “this means that if the project is not completed on time, the country’s funding from Brussels will be partially cut off. And we can’t stand that».

Mr. Hatzidakis listed the initiatives undertaken by the government to support small and medium enterprises. He underlined the reduction of taxes and insurance contributions with the government of New Democracy. While he recalled the important financial tools that businesses have through the NSRF, which by definition exclusively supports small and medium enterprises, the Recovery and Resilience Fund and the Hellenic Development Bank. As he said:

– Through the loan arm of the Recovery and Resilience Fund, a total of 1.6 billion euros in cheap loans have been given to small and medium-sized enterprises and it is planned to support more than 100,000 small and medium-sized enterprises to carry out their digital transition.

– There are also additional funds available for the digital and green transition of SMEs through the Hellenic Development Bank.

About the financing of small and medium enterprises from the banks, Mr. Hatzidakis recalled that last December the possibility for non-banking institutions to provide housing and business loans was legislated, as is the case in other EU countries, in order to strengthen competition and increase supply. However, he emphasized that a condition for banks to be able to give loans to companies is that the latter do not declare that they are loss-making. As he said, the proper functioning of the banking system in terms of competition is key to supporting the real economy.

In addition, Mr. Hatzidakis referred to positive course of the extrajudicial mechanism, through which 29,000 of our fellow citizens have settled debts that exceed 11 billion euros. “This significant acceleration is due to what we instituted last December: an additional “haircut” of up to 28% of the debt in collateralized loans, a reduction in the interest rate for all debt arrangements to 3% for 3 years, but also an obligation for Banks, servicers and the State to accept the proposal of the extrajudicial mechanism for vulnerable debtors. We are not miracle workers, but from 92 billion euros in 2019, bad loans reached 73 billion euros in 2023“, write down.

The Minister of National Economy and Finance referred to the changes it brings the Tax Procedure Code Bill, which is under consultation. He noted that 236,000 citizens may settle their pending debts due to miscommunication with the tax office and tax system problems from the past decade. “It is not a restart of installments. It is settlement of a pending matter. Many taxpayers continue to pay even though they have missed one or more installments in the meantime“, noted Mr. Hatzidakis, underlining that a solution is being provided to settle the debts of those who are in a “gray zone” and are at risk of being classified as red.

Referred to in the prospects of the Greek economy, Mr. Hatzidakis emphasized that Greece ran in 2023 with growth rates five times that of the Eurozone despite the adverse effect of major natural disasters. He expressed his optimism for the future, stressing that if the country continues with the same pro-investment and pro-business policy, with fiscal seriousness and political stability, it will continue to send the message that from being the black sheep of the EU in previous years, Greece has become a country of opportunities for investments. As he said, as Greece and the economy rises, so do businesses and workers and unemployment decreases.

For the European elections Mr. Hatzidakis stated that “it is important to send a message in favor of the stability of the country. After the June 2023 elections we have the advantage of combining a sound economic policy with political stability. If this “waters down” with the results of the European elections, I cannot guarantee that things will go just as well and there will be no doubts about the course of our country. We will continue to do our work in any case, but I am obliged to warn about the consequences of a climate of possible political instability».

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