In an ERTNEWS interview, Deputy Minister of National Economy and Finance Giorgos Kotsiras set out key elements of the government’s tax reform package announced by the Prime Minister at the Thessaloniki International Fair and further specified by the economic team, presenting it as a coherent set of measures focused on young people, families and regional communities. He highlighted a zero income tax rate for young people up to age 25 and a reduced 9% rate for ages 26 to 30, for income up to EUR 20,000. The package also includes an exemption from imputed income for self-employed new mothers in the year of childbirth and the following two years, and regional measures such as reduced value added tax (VAT) on border islands, lower imputed income for self-employed professionals in small settlements, and a phased abolition of ENFIA for primary residences in villages with up to 1,500 inhabitants. Imputed “living expense” presumptions are to be rationalised, including a 30% reduction for real estate based on the current objective value index and a shift in car presumptions from engine capacity to carbon dioxide emissions.
Ministry of National Economy and Finance (Greece) 2025-09-09
Greece's Ministry of National Economy and Finance outlines tax reform package with youth income tax cuts and revised imputed income rules
Deputy Minister of National Economy and Finance Giorgos Kotsiras outlined Greece's tax reform package, emphasizing benefits for young people, families, and regional communities. Key measures include a zero income tax rate for individuals up to age 25, reduced rates for ages 26 to 30, and exemptions and reductions for self-employed new mothers and residents in small settlements. The reform also proposes rationalizing imputed living expense presumptions, including adjustments for real estate and vehicle emissions.