The report of the Pissarides committee proposes:

Allowances to take into account presumptions and in determining presumptions to take into account the possibility of liquidating assets

PARTIALLY IMPLEMENTED

Evaluation

In some categories of allowances, presumptions are taken into account. The following property criteria apply to the Minimum Guaranteed Income:
a. Immovable property: The total taxable value of the household's immovable property cannot exceed in its entirety the amount of 90,000 euros for a one-person household, increased by 15,000 euros for each additional member and up to 150,000 euros.
b. Movable property: 1. The objective cost of private passenger cars (Private Use), mixed use (M.X) or household two-wheelers cannot exceed the sum of 6,000 euros in total. 2. The total amount of the household's deposits and/or the current value of shares, bonds, etc., as derived from the electronic cross-references, cannot exceed the limits of the table below for each type of household, up to the amount of 14,400 euros.

Asset presumption still applies:

The total amount of interest on deposits of household members in all credit institutions in the country or abroad, as declared in the last cleared income tax return (E1), cannot exceed annually the amount resulting from the following mathematical formula: Annual interest = deposit limit for each type of household * average annual deposit rate /100. The year of calculation of the average deposit rate is defined as the year to which the last cleared income tax return corresponds. Applications are not accepted from households whose members, based on the last cleared income tax return:

They fall under the luxury tax provisions
They report expenses for yacht crew fees.
They declare expenses for tuition at private schools.
They declare expenses for domestic helpers, their drivers, teachers and other staff, as specified in the corresponding codes of the E1 form.

Housing benefit includes the actual or imputed income from each source – before tax, after deduction of social security contributions – received by all members of the household, as shown in the last cleared income tax returns. Furthermore, the total amount of interest on deposits of household members in Greece or abroad, as declared in the last cleared income tax return (E1), is taken into account as a presumption of assets.

Therefore, the proposal is assessed as partially implemented, as presumptions and assets are taken into account but only in certain allowances.

en_USEnglish