Immediately after August 15th the financial staff is expected to present To the Prime Minister the final plan of the measures package that will be announced to International Exhibition of Thessaloniki (TIF), at a total cost between € 1.5-2 billion.
The goal is to strengthen the middle classwhich has been significantly burdened in recent years.
Top measure of plan It is the radical reform of the tax scale of income. The second step of income (10,000-20,000 euros), which is currently taxed at 22%, is planned to break into lower incomes with lower rates, bringing significant relief to employees and retirees. For example, an employee of 15,000 euros annually who is currently taxed at 22% could have a tax rate reduced to 15%, saving several hundred euros.
The goals
In addition, the introduction of new intermediate rates and incomes of more than 20,000 euros is considered to be entitled to divide the tax burden more just. These changes, although they will apply from 2026, will have a direct impact on tax withholding from January of that year. It is also important to extend the 30% tax deduction through electronic evidence to more services than already in force (hairdressers, cleaning, transport, veterinarians, etc.). The aim is to combat tax evasion and enhance electronic transactions.
At the same time, the package provides for a drastic reduction in rental tax. The initial rate for incomes of up to 12,000 euros is proposed to be reduced from 15% to 7.5% or even to 5%.
For incomes of 12,000-35,000 euros, the importation of an intermediate rate is examined to limit the sharp increase in taxation and to disclose more real incomes.
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