Tax

Reducing the tax burden for those investing in real estate, especially in preserved and closed properties, is offered by provisions in the tax bill tabled in the House.

The tax bill titled “Measures for the Enhancement of Income, Tax Incentives for Innovation and Business Transformations, and Other Provisions” was submitted to Parliament yesterday, including additional positive provisions.

Key Additional Provisions

Three out of four enterprises in Greece show losses or profits below the minimum wage in their tax returns. Small and personal companies do not fall under any kind of "minimum taxable income," so the tax they are required to pay depends on the content of the books and the auditing capabilities of the state mechanism.

Some of the 267 stars of “Carousel” arrested by Vourliotis for damaging the EU and the Greek State with 514,711,348 euros from cross-border fraud have appealed to the CoE.

What the executives of “Carousel”

The tax exemptions provided by the state to households and businesses have reached 18.8 billion euros, an amount corresponding to 28.2% of total tax revenue.

Without tax exemptions, tax revenues would have reached €85.5 billion, enabling governments to pursue social policy with targeted actions and permanent measures.

A barrage of new measures against tax evasion will be implemented by the Independent Authority for Public Revenue in 2025.

The government is building on the successful application of its measures against tax evasion and is introducing a new batch of interventions for 2025 that should improve tax compliance further and allow for middle incomes to have more of the burden that has been placed on them lifted.

With one hand, the 2025 state budget “gives” €1.1 billion for new benefits, tax breaks, and measures to support the economy. However, with the other, it “takes,” as rising incomes lead to a corresponding increase in tax revenues.

Hundreds of thousands of taxpayers use cards to pay for everything from hair salons to taxis, but without seeing the deduction the tax office has promised.

Moreover, a regulation introducing a "haircut" in the settlement for those who upgrade the energy efficiency of their home has so far benefited less than 1,000 owners across Greece.

The Ministry of Finance aims to address the growing housing problem by offering a dual incentive to taxpayers: a subsidy for the renovation of vacant properties and tax-free rental income. The “Renovate – Rent” program provides a subsidy of up to €8,100 for renovation expenses, while the income from the rental remains tax-free for three years.

Let’s see an example: