The digital function platformthrough which every citizen can find the benefit of the changes in the tax Scale and the taxation scale is promoted by the Ministry of National Economy and Finance (Ministry of Finance).
Specifically, the new platform will enable citizens to calculate the indirect increases resulting from the tax measures announced at the TIF and specialized by the government’s financial staff, according to Ertnews.
The platform will be developed in two phases: In the first phase, within 15 days, the original version by the RPH will be presented. The citizen, by introducing basic elements such as the type of employment, income, year of birth and the number of children, will be able to immediately see the benefit of changing the tax scale, as well as the new rental tax scale. This app will be available from the site of the Ministry of Education.
In the second phase, after the adoption of the tax bill in October, the Independent Public Revenue Authority will put a personalized computer into operation. This app, utilizing the real information of each taxpayer for 2024, will provide an even more expensive picture of the benefits of changes. The new computer will be available on the AADE website.
By 2026, tax deductions will mean increases in the monthly earnings of about 4 million employees, as the tax deduction of employees, retirees, farmers and mainly taxpayers with children and young people up to 30 years of age will be reduced.
Significant beneficiaries of TIF’s “package” will be 671,000 retirees from the gradual abolition of personal difference, owners who rent real estate by importing a new intermediate tax rate, residents and freelancers active in settlements of up to 1,500 inhabitants.
The budgetary costs only from tax changes is € 1.2 billion for 2026 and rises to € 1.6 billion in 2027. Overall the costs for the entire TIF package amounts to € 1.76 billion in 2026 and reaches € 2.46 billion for 2027.
The most important intervention concerns the reduction of 2 points of tax rates (except for 9%of the importers) for public and private sector employees, retirees, professionals and farmers. The coefficients are further reduced according to the number of children in each household.
Specifically: The scale for a salary employee of 10,000 to 20,000 euros from 22% is reduced to 20% and further down to 18% when a child has. It descends to 16% with two children and falls to 9% for the triple. For families with 4 or more children is reset. On the new scale, a 20,000 -euro employee with two children will have an annual benefit of 600 euros. With three children it will save 1,300 euros. And with four children, the profit will be 1,680 euros.
It is noted that these changes relate to individual income, not the family, so every member of a household with income will benefit.
For taxpayers without children with annual earnings of 30,000 euros the benefit will be 400 euros. With a child, this will go up to 800. With two, 1,200. With three children, at 2,100 euros. And with four, at 4,100 euros. This escalation for many taxpayers involves half to over a salary a year. With the same arrangements, two multi -child employees will benefit an amount equal to two salaries for each parent.
Intermediate rate of 39% (from 44%) is established for income from 40,000 to 60,000 euros.