Greece Unveils Ambitious Tax Reform Bill to Boost Incomes and Drive Economic Growth

07:54 27/11/2024 - Πηγή: iEfimerida

The Greek government has introduced a comprehensive tax reform bill in Parliament, aiming to stimulate economic growth, boost incomes, and enhance innovation.

Finance Minister Kostis Hatzidakis presented the bill,

highlighting its alignment with the government's commitment to supporting citizens and businesses amid rising living costs.

The legislation includes a range of measures designed to provide tax relief and encourage economic activity. Key provisions include:

Permanent abolition of the ENFIA property tax for listed buildings valued up to €400,000.

Continued VAT suspension on new buildings until the end of 2025.

Enhanced financial support for military cadets.

12 tax reductions for 2025, including the elimination of professional tax fees, reduced social security contributions, and incentives for property owners to reintroduce unused rental properties to the market.

"These measures reaffirm our promise to direct the benefits of economic recovery to all Greeks," Mr. Hatzidakis said.

In addition to the tax reform bill, a supplementary budget of €400 million for 2024 has been tabled, allocating funds for public investments and the completion of EU co-financed projects.

Deputy Finance Minister Christos Dimas emphasized the bill's focus on innovation and economic inclusivity.

"The reforms target sustainable growth while supporting individuals, businesses, and startups to navigate and thrive in a changing economic landscape," he said.

Beyond tax cuts, the government plans to provide targeted financial aid to retirees and vulnerable groups, along with incentives for working parents, including tax breaks for child-related expenses.

The measures aim to enhance citizens' quality of life and alleviate economic strain.

This comprehensive tax reform bill signifies Greece's ongoing efforts to modernize its tax system, foster economic stability, and address the challenges faced by households and businesses in the current economic climate.

Διαβάστε περισσότερα στο iefimerida.gr

Διαβάστε ολόκληρο το άρθρο >>
Keywords
tax, bill, drive, bill, drive, tax, greek, government, parliament, innovation, finance, key, property, end, support, military, security, properties, market, budget, funds, public, focus, target, working, parents, aim, life, system, foster, iefimerida, iefimerida, public, aim, budget, security, finance, focus, foster, government, greek, innovation, properties, key, life, military, market, parents, parliament, property, support, system, target, funds, working
Τυχαία Θέματα
σαμος, σπιτι απο την αρχη, amadeus, major
iNews > Ειδήσεις > iEfimerida