Greek FinMin: New package of economic measures in 2025 to lower taxes, raise pensions

TornosNews.gr 10.04.2024 | 19:01
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Greek FinMin: New package of economic measures in 2025 to lower taxes, raise pensionsLower taxes and contributions and higher pensions

A new package of economic measures for 2025 that will include lower taxes and contributions and higher pensions was announced at Delphi Economic Forum by National Economy & Finance Minister Kostis Hatzidakis on Wednesday.

The package, worth 870 million euros, will include the following:

- Further lowering of social insurance contributions by 0.5% (cost: 215 million euros)

- Full abolition of the proportional tax (telos epitidevmatos) for freelancers and independent business owners (cost: 120 million euros)

- Implementation of the permanent return of the special consumption tax EFK for farmers (cost: 100 million euros)

- Increase of the housing subsidy for college students (cost: 15 million euros)

- Increase of pensions (cost: 400 million euros), and

- Suspension of VAT collection in construction.

RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Tilemahos Efthymiadis

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