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Greek PM unveils tax breaks amid cost of living crisis
- Greece’s Prime Minister Kyriakos Mitsotakis presented a tax cuts package worth 1.6 billion euros affecting about 4 million citizens.
- The tax cuts are financed by better-than-expected tax revenue and a primary budget surplus, despite EU spending constraints.
- A new 39% income tax rate will be imposed on incomes from 40,000 to 60,000 euros, while young people under 25 making less than 20,000 euros will pay no tax.
- Mitsotakis stated that the aim is to raise disposable incomes amid inflation and to address Greece's severe demographic problem.
25 Articles
25 Articles
The Greek government is introducing huge tax cuts. A total of 18 billion kronor is being cut to boost consumption – and childbearing.
Greek Prime Minister Unveils Tax Cuts Ahead of Election
Greek Prime Minister Kyriakos Mitsotakis announced a 1.6 billion-euro tax cuts package aimed at reducing tax rates for some 4 million citizens, particularly benefitting the middle class, young people, large families, and pensioners. These cuts, influenced by better-than-expected tax revenue, aim to address inflation and demographic issues.
Associated Press News
Greek prime minister unveils broad tax-cuts package in keynote policy speech
Greek Prime Minister Kyriakos Mitsotakis has unveiled a 1.6 billion-euro ($1.87 billion) tax cuts package in a keynote speech at the Thessaloniki International Fair.
The Prime Minister announces from Velideio a large package of direct tax reductions that will affect the middle class, employees, freelancers, and enlisted personnel - The main message is the need for political stability
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