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Wednesday
21
Oct 2026
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Athens 16°C

> Economy

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Pierrakakis to Protothema: The largest tax cut ever – Changes to appear in salaries from January

“The TIF package is a targeted reform for demographics and the middle class,” notes the Finance Minister on Direct – “The reduction in direct taxes reaches the citizen.”

The “imputed income trap” for children is being abolished – What changes in 2026 for students, conscripts, and young workers

How they will avoid extra taxes and no longer jeopardize their parents’ social benefits

Harry Vafias’ shipping companies: $180M in revenue, $62M profit, $1.4B in assets, and $303M in liquidity

StealthGas, Imperial Petroleum, and C3is: A leading presence in global maritime transport with zero bank debt

Uniformed personnel: The new payroll brings raises every two years – What changes “in the pocket” with the new pay scales and allowances

From October, the new payroll system for the Armed Forces and Security Services will bring average increases of €128 per month for more than 150,000 personnel

The full package of real estate measures: Which owners benefit from renting out now and what they pocket

Tax-free rents for vacant homes – Tax deductions of up to €1,300 per year – Reduction of imputed income – Renovation programs and state subsidies

The new tax scale only for young people up to 30 years old – Up to three times the tax-free rate

From 1 January 2026, young people under 25 years of age earn a tax-free income of 22,204 euros, instead of the current 8,636 euros

Thessaloniki International Fair: How the tax imputed expenses are reduced for houses, boats, and cars – Changes apply from this year’s incomes

30% reduction for boats and houses – What the imputed expense will be for each car (examples) – Exemption for children over 18

Starlink’s $17 billion deal with EchoStar – What it means for SpaceX

SpaceX obtains spectrum licences and greater autonomy in direct-to-device services without the need to work with terrestrial providers

The 19 islands in the Dodecanese, Northern and Eastern Aegean where VAT is reduced by 30% – See the list

Pierrakakis: “Effectively, the 24% VAT becomes 17% and the 13% VAT becomes 9%” – The measure is already applied on 5 islands in the Eastern Aegean that maintain reception facilities for refugee flows

ENFIA is abolished for settlements of up to 1,500 residents within two years, benefiting 1 million citizens – Pierrakakis details the TIF measures

VAT Reductions for Middle-Class Taxpayers

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