The announcements of Prime Minister Kyriakos Mitsotakis at this year’s Thessaloniki International Exhibition (TIF) signal a generous tax reform, focusing on reductions wearerfor the benefit of the whole of society.
Since 2026 the tax scale has changed radically, with a significant reduction in direct tax rates. This implies real increases in wages, boosting the purchasing power for every professional, substantial support for pensioners and tangible benefit for all. Tax rates are additionally reduced for every child with a worker, while admitting favorable arrangements for young people to rely on their first professional steps.
The TIF package also includes targeted reliefs for residents of the Region and the islands, reductions in rent tax, to exploit the reserve stock, as well as rationalizing the living presumption system. With these interventions we confirm, once again, the social and development nature of our tax policy and our steady commitment to reducing tax burdens.
Since 2019 we have consistently implemented a tax relief policy. I recall that ENFIA decreased by 35%, and an additional 20% if the property is insured, the offensive fee for freelancers were abolished and the solidarity contribution to all natural persons, the tax advance was drastically reduced and the tax -specific tax on the oil tax was reduced. At the same time, the tax on parental benefits was essentially abolished, while VAT decreased in a number of goods and services, from transport to health and culture.
With the new announcements at the TIF, the total number of taxes and contributions we have reduced is now 83 – more than any other government. It is a conscious choice, a pure rupture with over -taxation of the past, which drowned the middle class and productive forces of the country. But most of all, it is a policy it attributes. Tax cuts, coupled with prudent fiscal management and reforms to reduce tax evasion, steadily enhance citizens’ disposable income, create a friendly environment for entrepreneurship and lay the foundations for long -term growth.
The results are already visible: a sharp decrease in unemployment, growth greater than the European average, de -deficit of public debt and a return to a significant dividend to citizens. A typical example are the measures that will be implemented as early as November: the return of a rent to the overwhelming majority of tenants and the reinforcement of low -income pensioners with 250 euros.
In a time of intense uncertainty, when other European countries are tested by political instability and forced to cut cuts, Greece reduces taxes, increases public investment and proceeds with stability, gaining international recognition.
Consistent with our commitments, we stand by every citizen. With a sense of responsibility, with plan and confidence, we build step by step a more durable and fair, safe and perspective.
*By George Kotsiras, Deputy Minister of National Economy & Finance