More than 85% of Greek Farmers Reported 5,000 Euros of Income in 2014



Greek FarmersNine out of 10 farmers declared an annual income of up to 5,000 euros in 2014, while only 5% of taxpayers with farm income declared an annual income of more than 12,000, the Finance ministry said in report.

The report showed that 87.55% of taxpayers with farm income in 2014 declared an annual income of up to 5,000 euros, of which 104,768, or 19.6%, declared zero income or losses in 2014. An annual income of up to 1,000 euros was declared by 233,674 farmers, or 43.85% of all farmers, while 5,733 farmers declared an annual income of more than 30,000 euros (1.0% of total farmers), while an annual income between 20,000 and 30,000 euros was declared by 5,541 taxpayers (1.05% of total farmers).

Total farm income was 1.3 billion euros in 2014, while average income declared by Greek farmers was 2,518 euros. Income taxes totaled 186.4 million euros, or an average of 349.81 euros.The Greek government has agreed with its creditors to raise taxes on farm incomes from 13% this year to 20% in 2016 and to 26% in 2017.

(Source: ANA-MPA)