Greece’s draft State Budget for 2027 has proposed income-tax relief for farmers and families with three dependent children, changes to the deemed-income regime for self-employed taxpayers and business tax reductions. The proposals also included property-tax exemptions, higher transfer tax for certain non-EU tax residents and lower social security contributions.
Greece’s Ministry of National Economy and Finance submitted the draft state budget for 2027 to the Parliament on 5 October 2026. It projects economic growth of 2.3% next year, up from an estimated 2.0% in 2026. The draft includes tax cuts for farmers, parents, freelancers, businesses and property owners.
The draft state budget was submitted to parliament and requires parliamentary approval before the proposed measures can be implemented.
Business tax measures
Business levy
The draft budget proposed fully abolishing the business levy in 2027 for legal entities in most of Greece and Thessaloniki. In Attica, the levy would be reduced by 50% in 2028 before being fully abolished in 2029.
Advance tax payments
Advance income-tax payments for sole proprietors would be reduced by 5% from tax year 2027. For companies, corporate tax prepayments would be reduced progressively from 2028, through planned annual reductions of 5%, until the prepayment level reached 50%.
Accelerated depreciation
Qualifying machinery and equipment acquired from 1 January 2027 would be eligible for depreciation over six years instead of 10 years, allowing businesses to deduct qualifying expenses over a shorter period.
Personal income tax measures
Farmers
The draft proposed a 0% income-tax rate on qualifying agricultural taxable income up to EUR 20,000 for individuals whose principal occupation is agriculture. The measure would apply from tax year 2026 and was expected to benefit around 47,091 farmers, with an estimated fiscal cost of EUR 87 million in 2027.
Families with three dependent children
Taxpayers with three dependent children would benefit from a 0% tax rate on taxable income up to EUR 20,000 from tax year 2027. Wage withholding would reflect the relief from 1 January 2027. Around 86,927 taxpayers were expected to benefit, with the maximum annual benefit potentially reaching approximately EUR 1,800.
Self-employed taxpayers
The Budget proposed easing the minimum deemed taxable income regime for compliant self-employed taxpayers rather than abolishing it.
From tax year 2026, eligible taxpayers could receive relief from the 10% uplift based on annual payroll expenditure and the 5% turnover-based uplift where turnover exceeds the relevant benchmark for the taxpayer’s activity code.
Eligibility would be subject to compliance conditions, including POS and cash-register connectivity, myDATA reporting, the absence of significant labour or tax infringements, and timely filing of VAT and income-tax returns.
Individual businesses operating in settlements with up to 2,000 inhabitants, or up to 2,200 inhabitants in Western Macedonia, would also benefit from a 50% reduction in the minimum deemed-income amount.
Property and housing tax measures
Unified Real Estate Tax (ENFIA)
The draft proposed a full exemption from the Unified Real Estate Tax (ENFIA) for qualifying main residences in settlements with up to 2,000 inhabitants, or up to 2,200 inhabitants in Western Macedonia.
The exemption would apply from 2027, subject to the geographic exclusions and other conditions specified in the Budget.
Property transfer tax
From July 2027, the property transfer tax rate for purchases of a third or subsequent residence by tax residents of non-EU third countries would increase from 3% to 15%. Including the municipal surcharge, the effective rate would be approximately 15.45%.
Other measures
The draft Budget proposed reducing private-sector employee social security contributions by 0.5% from 1 April 2027. The combined contribution rate was indicated at approximately 34.66%.
