Greece’s Ministry of National Economy and Finance outlines a 2026 income tax scale overhaul and further targeted tax relief

Greece’s Ministry of National Economy and Finance published an article by Deputy Minister of National Economy and Finance Giorgos Kotsiras setting out the Prime Minister’s Thessaloniki International Fair announcements for a broad tax reform package centred on tax cuts. The article highlights a planned redesign of the income tax scale from 2026, with significant reductions in direct tax rates. The package described includes additional tax rate reductions linked to the number of children, favourable arrangements for young people entering the labour market, targeted relief for residents in the regions and on border islands, reduced taxation of rents aimed at mobilising housing supply, and a rationalisation of the “presumptive living expenses” system. It also reiterates prior tax measures since 2019, including a 35% reduction in ENFIA and a further 20% reduction where the property is insured, abolition of the business levy for self-employed professionals and the solidarity surcharge for individuals, reductions in tax prepayments, a cut in the excise duty on diesel, an effective removal of tax on parental gifts, and VAT reductions across selected goods and services; the total number of taxes and contributions reduced is stated as 83. Measures cited as taking effect from November 2025 include a refund equivalent to one month’s rent for the large majority of tenants and a EUR 250 support payment for low pensioners, while the revised income tax scale is planned to apply from 2026.