tax relief Archives

Greek PM Mitsotakis Commits to Farmer Support Following Tense Athens Meeting

Greek Prime Minister Kyriakos Mitsotakis pledged expanded support for farmers—including Europe’s lowest electricity rates, elimination of excise tax on agricultural diesel, VAT exemptions, accelerated subsidies, and faster insurance payouts—following substantive talks in Athens, while firmly rejecting continued roadblocks and illegal protest tactics after 45 days of disruptions.

Mitsotakis at ONNED Convention: “Only New Democracy Guarantees Progress with a Vision to 2030”

At ONNED’s 14th convention, Prime Minister Kyriakos Mitsotakis outlined New Democracy’s vision to 2030, unveiling youth-focused policies, economic measures, and a rallying call to resist populism while celebrating 51 years of the party’s history.

Greece Under Moody's Scrutiny: What Today's Rating Decision Means for the Economy

Moody’s delivers its long-awaited verdict on Greece’s credit rating today, with analysts bracing for no upgrade amid cooling growth and stubborn inflation. Fresh off DBRS’s decision to hold steady, the US agency’s review spotlights a new €1.6bn tax package hailed as “credit positive” for tackling demographic woes – from a fertility rate of just 1.3 to a projected 61% elderly dependency by 2040. Yet, as Q2 GDP dips to 1.7%, doubts linger: Can fiscal perks reverse brain drain and sustain momentum post-EU recovery funds?

Greek Finance Ministry Extends Tax Debt Relief with Interest Rate Freeze to 2027

In a major relief for Greek taxpayers, the government has extended the freeze on interest rates for overdue tax debts until August 2027. Finance Minister Kyriakos Pierrakakis announced that the measure will benefit 4.2 million debtors owing €108 billion, locking the interest rate at 8.76% annually instead of the higher 10.51%. The decision also ensures stable rates for tax refunds and repayment plans, easing financial pressures for millions.

Tax Relief Package for Families of Four to Be Unveiled at Thessaloniki Fair

Prime Minister Kyriakos Mitsotakis will unveil a €1.5 billion tax relief package at the Thessaloniki International Fair on September 6, targeting families of four, who face high tax burdens in Greece. The package, potentially exceeding €2 billion with added low-income support, is funded by a strong budget surplus.

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Greek Budget Surplus Reaches €4.6 Billion in First Half of 2025

The Greek state budget achieved a €4.6 billion primary surplus in the first half of 2025, driven by a €2.32 billion (7.8%) increase in tax revenues, exceeding targets. Early personal income tax collection and strong VAT and excise duty performance bolstered the budget, creating favorable conditions for planned tax reductions. Despite a €416 million deficit, the results significantly outperformed projections, supporting economic stability and policy initiatives.