The new tax bill submitted to Parliament includes benefits worth €1.76 billion, with the largest amount relating to changes in the income tax scale. According to the report from the General Accounting Office of the State, the annual cost resulting from the new regulations is distributed as follows:
Taxation
• €1.2 billion in 2026 and €1.7 billion in 2027 from changes to the income tax scale for individuals.
• €40 million from reductions in living standards presumptions for residences, cars, boats and dependent children.
• €90 million from 2027 onwards from the modification of the autonomous taxation scale for real estate income.
• €38 million for 2026 from the gradual abolition of ENFIA (property tax) for Greek tax residents whose main residence is located in settlements with up to 1,500 inhabitants, and approximately €75 million for each subsequent year.
• €25 million from a 30% reduction in VAT rates on islands in the North Aegean Region, the Regional Unit of Evros (Samothrace) and the former Dodecanese prefecture, provided they have a population of up to 20,000 inhabitants.
• €150 million from establishing a support scheme in the form of enhanced expense deductions for 2026-2028 for activity sectors including weapons manufacturing, ammunition, motor vehicles, etc.
• €10 million from reducing the taxation percentage for medical staff overtime, exemption/reduction from the minimum net taxable income amount for certain social groups (new mothers, businesses in municipal communities or settlements up to 1,500 inhabitants, school canteen operators).
• €22 million from abolishing the subscription television fee.
• €6 million from exempting the special library allowance for university faculty members and researchers from income tax calculation.
• €10 million for 2027-2029 from extending the income tax exemption for individuals for the first 3 years, including long-term leases concluded within 2026, as well as improving related conditions.
• €18 million from extending the suspension of VAT application on unsold real estate.
Salaries – allowances
• €127 million from implementing the new salary scale for Security Forces personnel and €10.4 million from increasing special duties allowances.
• €3.6 million from paying special duties allowances to specific personnel categories in the Ministry.
• €2.8 million for 2025 and €5.7 million from 2026 onwards from paying special duties allowances to staff (including Directors) of Correctional Facilities and Youth Detention Centers under the General Secretariat for Crime Policy of the Ministry of Citizen Protection.
• €11 million from the annual payment of the planned additional subsidy from the Ministry of National Economy and Finance to the company “Greek Cinema, Audiovisual Media and Creation S.A.” (General Government entity) with simultaneous increase in the entity’s revenues.
