Greece announces a series of tax cuts to support the middle class and families
Athens, September 7 / WAM / Greek Prime Minister Kyricus Mitsotakis announced yesterday evening a series of tax cuts aimed at supporting the middle class, Greek families and youth.
Mitsotakis, in a speech at the Thessaloniki International Exhibition, the most prominent commercial and cultural exhibition in the country, said that his country will be applied for the first time since the end of the economic crisis in 2018, tax discounts of 1.6 billion euros to support families, the middle class and young people who enter the labor market, and that more than four million people will benefit from these measures.
“We support society, despite the fact that we must spend money on our national defense in the coming years, but I do not make concessions regarding the security of the country, and we add a new share to our jam to combat the demographic problem,” he said, explaining that tax discounts will be applied to the revenues of Greek families as of next year.
The Prime Minister indicated that families with four children will not pay any taxes; His country applies a model inspired by the French model, so that the tax cuts increase as the number of children in the family increases.
Greece is among the five European countries with the lowest fertility rates, with average reproductive 1.4 children for decades. Since 2011, the population of Greece has decreased by 500,000, according to the population census conducted by the Greek authorities.
Mitsotakis pointed out that “the Greek villages must be revived,” explaining that the property tax will reduce by 50% next year for villages with a population of less than 1500 people, and the value -added tax will be reduced by 30% for the Greek islands near Turkey, with a population of less than 20 thousand people.
He stressed that young workers, who are up to 25 years old, will be exempt with an income of up to 20 thousand euros, from taxes, while those between the ages of 25 and 30 will get a major tax reduction.
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