Thessaloniki Fair 2026: Who will benefit from Greece’s €2.2 billion tax relief package
Translated from Greek and summarized by DistantNews. Read the original for the full story.
At a glance
- Greece announced €2.2 billion in measures for 2027, with benefits aimed at freelancers, businesses, farmers, employees, pensioners, families and young people.
- From the 2026 tax year, most imputed income rules will be removed for compliant self-employed workers who meet the stated criteria, which the Finance Ministry says cover more than 90% of freelancers.
- The package also lowers the advance tax payment for sole proprietorships, cuts imputed income in smaller settlements and adjusts the rules for taxi owners based on vehicle ownership shares.
Greece’s government has announced a €2.2 billion package for 2027 that the Finance Ministry describes as the core of a program extending to 2030. The measures target freelancers, businesses, farmers, salaried workers, public employees, pensioners, families and young people, with additional provisions for groups including taxi drivers and families with children.
The package combines tax and contribution cuts with higher wages and pensions, incentives for entrepreneurship and investment, and measures for families, regional areas and housing. Ministry sources say its stated goals are stronger growth, higher disposable income, greater support for families and more substantial backing for the regions.
A central change concerns self-employed workers who meet the required compliance criteria. From the 2026 tax year, most of their imputed income will be abolished. The criteria, according to ministry sources, cover more than 90% of freelancers. The minimum base will remain linked to the minimum wage, including seniority increases. Two adjustments that could raise imputed income disproportionately will also be removed: the 10% calculation based on annual payroll costs and the 5% calculation based on turnover above the sector average.
The article gives the example of a 15-year-old cafe with five employees and a payroll of €105,000. Its imputed income would fall from €27,244 to €16,744, while its tax would drop from €4,783 to €2,249, a saving of €2,534. The advance tax payment for sole proprietorships will fall from 55% to 50% from the 2027 tax year. For settlements with up to 2,000 residents, compared with 1,500 previously, imputed expense rules will be cut by 50%. Taxi operators will receive a separate adjustment so the imputed amount reflects their actual ownership share. A person owning 50% of a taxi, for example, would see the imputed amount reduced by half.
connects growth with income and economic progress with social cohesion
Originally published by Kathimerini in Greek. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.