Greece's Ministry of National Economy and Finance outlines EUR 1.76bn direct tax cut bill and signals further housing measures

Greece's Ministry of National Economy and Finance published key points from Minister Kyriakos Pierrakakis’ remarks at the Athens Tax Forum 2025, highlighting housing affordability and demographics as two of the country’s main challenges and indicating additional targeted actions to support households struggling with rising rents. The intervention also positioned the government’s current tax reform bill as a major direct tax reduction package aimed at supporting incomes. Measures already underway were cited as including a refund of one month’s rent for 80% of tenants and a reform of the rent scale, with further housing policy actions planned in the period ahead. On the tax reform, the minister said the bill implementing the Thessaloniki International Fair measures represents the largest direct tax reduction since the restoration of democracy, putting the package at EUR 1.76bn and describing a weighted-average cost of EUR 2.5bn, with emphasis on the middle class and nationwide coverage. He also linked the reform to demographic objectives, including faster labour market entry for young people and regional support, and referenced a plan to reduce ENFIA to zero in villages over two years. Parliamentary discussion of the tax bill was flagged for the coming days, alongside follow-on targeted housing measures.