The announcements at the Thessaloniki International Fair (TIF) represent “a reform with a national, demographic, developmental, intergenerational, and territorial dimension, which returns to the whole of Greek society—the most vulnerable citizens as well as the middle class—the fruits of our collective efforts since 2019,” Prime Minister Kyriakos Mitsotakis emphasized in his weekly review.
“The plan we are implementing increases everyone’s income as a shield against inflation and emphasizes the Greek family, recognizing that for a household, the cost of not having children is not the same as the cost of raising two or three children,” the Prime Minister noted. In his post, he provided 10 examples showing the benefits citizens will receive from the tax relief measures announced:
- A young woman earning €980 net per month (annual taxable income €15,000) will now pay zero tax. From January, her salary will increase by €91, going from €980 to €1,071 net (over 14 months). Therefore, her annual net salary benefit will be €1,283, almost 1.3 months’ salary.
- A private-sector employee with two children and a net salary of €1,526 will receive a €64 increase from January, bringing the salary to €1,590. The total annual tax reduction is €900, and if his wife earns a similar salary, the total family benefit will reach €1,800, or about €130 per month.
- A public-sector employee with two children and a net salary of €1,488 will see a €50 monthly increase from January, bringing the salary to €1,538, with an annual benefit of €600. If his wife is also a public-sector employee with a similar salary, the couple’s total benefit will be €100 per month or €1,200 annually. Additionally, from April, the monthly earnings of both will increase further according to the minimum wage increase.
- A private-sector employee with three children and a net salary of €1,540 will have a €121 monthly increase from January, bringing the salary to €1,661. If his wife earns €1,290 net, she will see a €93 increase, bringing her salary to €1,383. The couple’s total monthly salary increase will therefore be €214, or nearly €3,000 annually.
- A private-sector employee with many children (polytechnic family) earning €1,809 net will see a €293 increase from January, bringing the salary to €2,102. The annual benefit will be €4,100. If his wife works in the public sector earning €1,527 net, her salary will increase by €140, to €1,667. The total monthly benefit for both working parents will be €433, with an annual benefit of €5,780.
- A pensioner with €14,000 taxable income and a net monthly income of €1,080 will receive €263 net from the GDP and inflation-based increase, €250 from the November support, and €80 from income tax reduction, totaling €593 net. If subject to personal differences, they will receive €462 net.
Additional examples:
- A 25-year-old new freelancer with €15,000 annual taxable income (€13,000 net) will have an annual tax reduction of €2,000.
- A 30-year-old young professional with €20,000 annual taxable income (€16,900 net) will have an annual tax reduction of €1,300.
- A 45-year-old freelancer with €30,000 annual taxable income (€24,100 net) and two children will have an annual tax reduction of €1,200.
- A property owner with rental income of €20,000 gross, who previously paid €4,600 in tax, will pay €800 less tax for 2026, i.e., €3,800.
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