Filenews 29 November 2024 - by Eleftheria Paizanou
For another year, Parliament intends to extend the granting of tax breaks to borrowers for the restructuring of loans.
At the end of December, the incentives granted to borrowers in recent years expire. Yesterday, all parties submitted to the Plenary of the Parliament seven bills, which extend until December 31, 2025 the validity of the existing regulations, concerning the granting of tax relief in the context of loan restructuring.
The bill proposals amending the laws on Income Tax, Stamp Duty Collection, Capital Gains Tax, VAT, Cadastral and Spatial Department and Special Contribution for the Defence of the Republic will be put under the microscope of the parliamentary Committee on Finance on Monday, with the aim of being brought to the Plenary of the Parliament in the coming days.
The tax reliefs and incentives, which will be sought to continue to be granted in the context of loan restructuring for another year, concern the non-payment of stamp duty arising from the restructuring of loans, up to the amount of existing debts, the non-imposition of capital gains tax and the non-payment of transfer fees, in the case of a transfer of immovable property in the name of the lender.
Also, the incentives granted for the non-imposition of an extraordinary levy for the defence of the Republic, in case of accounting profit and/or notional dividend, the transfer of a lien, in case of acquisition of a property by the lender in the context of a loan restructuring, during the transfer of the property from the borrower to the lender, will continue. It is also proposed to extend the exemption from the calculation of taxable income of any benefit, surplus, profit or loss of a person arising in the context of a loan restructuring.
