Greece's Ministry of National Economy and Finance (MNEF) has submitted a bill to parliament to legislate the tax measures announced at the Thessaloniki International Fair. They include income tax relief, business and property tax changes, a reduced VAT rate on some products and a state-matched investment account for minors.
Greece’s Ministry of National Economy and Finance submitted the bill to parliament on 3 November 2026, putting into law the tax measures announced at the Thessaloniki International Fair.
The draft cuts taxes for businesses, individuals and property owners, and introduces a new savings scheme for children. Most changes would apply from 2027, while some start from tax year 2026 and others from tax year 2028.
Business income
The advance payment for individuals with business income would fall from 55% to 50% from tax year 2027.
Sole traders meeting tax and labour compliance, data transmission and point-of-sale connection conditions would be relieved of presumptive income surcharges.
The 50% reduction in presumptive income for small settlements would extend to settlements of up to 2,000 inhabitants, or 2,200 in Western Macedonia.
The business activity fee would be abolished for legal persons and entities outside Attica, including the Islands regional unit of Attica.
According to the draft, it would be halved in the rest of Attica in 2027 and abolished for all legal entities from tax year 2028.
Machinery and equipment acquired from 2027 would qualify for accelerated depreciation of 10% in the first two years, 15% in the third and fourth years, and 25% in the fifth and sixth years.
Remuneration paid out of profits to board members, managers and staff would be taxed at 15% on the part exceeding EUR 60,000 a year, for amounts paid from 1 January 2027.
Individual income tax
A 0% rate would apply to income up to EUR 20,000 for taxpayers with three or more dependent children, for people aged up to 25 and for professional farmers who derive at least 50% of their income from agriculture.
The draft also proposes reduced rates for taxpayers with one or two children, while adults aged 26 to 30 would pay 9% on income up to EUR 20,000.
From tax year 2026, tips would be exempt up to EUR 6,000 a year, replacing the current limit of EUR 300 a month. The exemption would cover employees and delivery workers on digital platforms.
The 30% deduction for certain services paid electronically, capped at EUR 5,000, would be extended to tax year 2027.
The double counting of certain health expenses paid electronically would also be extended to tax year 2027.
Value added tax
Feminine hygiene products and adult incontinence pads would move to the reduced VAT rate from 1 January 2027.
Real estate
The real estate transfer tax would rise to 15% for purchases of residential property by individuals resident outside the EU and EEA, for deeds executed from 1 July 2027.
From 2027, primary residences with a taxable value of up to EUR 400,000 in settlements of up to 2,000 inhabitants, or 2,200 in Western Macedonia, would be exempt from the unified real estate tax (Enfia).
Four measures would be extended to 31 December 2027: the suspension of capital gains tax on real estate, the 36-month exemption for rental income from previously vacant or short-term let homes leased long-term, the VAT suspension on new buildings, and the tax reduction for building upgrade expenses.
Property owners could also file corrective declarations for tax years 2014 to 2026 without paying tax, interest or fines.
The deadline is the end of the fourth month after the launch of the property register.
Social security and savings
The employee unemployment contribution would fall from 1.20% to 0.70% from 1 April 2027, with the employer contribution unchanged.
The bill also creates an investment account for minors, with the state matching eligible contributions up to EUR 1,200 a year.
Contributions would be exempt from gift and parental transfer tax, and returns credited to the account would be exempt from income tax.
The measures would take effect in stages between tax year 2026 and tax year 2028, and they would become law only once parliament approves the bill.
