In Athens, Greece, there is a tax drive which proposes deductions for weddings in an effort to crack down on tax evasion and reducing the country's fiscal debt. Under the new law, taxpayers would be able to deduct 40 per cent of annual spending on wedding receptions amongst other family related costs. The theory behind the proposed law is to improve tax collections and reduce tax evasion by encouraging individuals to collect receipts for these events.
With the average cost of Weddings in this area at $28,000 (the majority of Weddings I coordinate actually average between $30k-$100k) a 40% deduction would be pretty sweet! Hmmm…maybe the Greeks are onto something?