Taxation to ease annually for individuals and corporations

It is the intention of Prime Minister Kyriakos Mitsotakis to ease taxes every year from 2019 to 2023, undertaking the obligation to render accounts of its action every year while reserving the right to surprise citizens with the reduction of tax rates earlier than scheduled.

The government's tax policy for next year will be revealed next month, as the drafting of the major tax bill will also be completed during the period when the first draft budget is tabled in Parliament.

This bill will include the new tax rates for individuals, the lowest being 9 percent for annual takings up to 10,000 euros, with the top rate being reduced from 45 percent today to 42 percent, and a clause forcing taxpayers to make more electronic payments to secure the maximum tax discount.

The Finance Ministry is working hard to determine the new calculation method for the requirements...