All taxpayers are set to see their incomes grow from the new year

The income of all taxpayers (salaried workers, pensioners, farmers and self-employed professionals) is due for a boost as of January 1, when reduced tax rates come into effect.

For the first time in over a decade individuals and corporations alike will see a reduction to their income tax burden, with a further cut being possible when the government announces its decision on the gradual abolition of the solidarity levy in mid-2020.

The tax breaks are greater for taxpayers on low incomes, families with children and freelance professionals, while they will be more limited for middle-range earners, as Prime Minister Kyriakos Mitsotakis admitted recently.

On a monthly basis, the tax cuts for unmarried or married salaried workers without children will reach up to 13 euros, dropping to 11 euros for salaried workers with one child. The monthly easing comes to 14 euros...