03/01/25

GREECE: Greece to Roll Out Major Tax Cuts and Income Support Measures in 2025

As published on: greekcitytimes.com, Friday 3 January, 2025.

The Greek government has announced an ambitious package of 18 tax cuts and 7 income support measures aimed at increasing disposable income and easing the financial burden on citizens in 2025.
The initiatives, totaling €1.5 billion, were detailed in a statement by the Ministry of Economy and Finance, which highlighted their potential to bolster economic stability and equity.

“These measures represent a continuation of Greece's robust economic growth and a testament to the government's success in curbing tax evasion,” the Ministry stated. The reforms align with the European fiscal framework, ensuring that annual spending increases remain within prescribed limits.

The 2025 fiscal initiatives build upon a series of interventions introduced since 2019, during which more than 70 taxes have been reduced or eliminated. The upcoming measures are designed to provide lasting financial relief to workers and pensioners while promoting social equity.

The Ministry emphasised that these efforts reflect the government's commitment to leveraging economic gains to benefit all citizens. By reducing tax burdens and supporting incomes, the government aims to sustain growth and improve quality of life across Greece.

This strategic shift underscores Greece's broader economic policy goals, focusing on enhancing fiscal efficiency and promoting prosperity within the framework of European standards.

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Greece Tax Cuts Income Support