The Greek Deal.com
Tax cuts in the three-year period 2025-2027 by tackling tax evasion | TheGreekDeal.com
Kostis Hatzidakis
Tax cuts in the three-year period 2025-2027 by tackling tax evasion
The Minister of National Economy and Finance, Kostis Hatzidakis, speaking yesterday at the annual Tax Forum organized by the Hellenic American Chamber of Commerce, announced further tax cuts for the following years.
TIME TO READ
1 min
Kostis Hatzidakis, Minister of Economy and Finance

"We want to cut taxes further, not because we want to be agreeable, but because we can. Already in 2025 we are moving to 12 tax cuts. In 2026 and 2027 we can go for further cuts, for two reasons: because Greece, according to the estimates of all international organisations, will have higher growth than the EU average and because the effort to reduce tax evasion is continuing. Because of the growth policy and the policy on tax evasion, all those who pay their taxes recklessly will see a lower tax burden."

This was pointed out by Minister of Economy and Finance Kostis Hatzidakis, speaking yesterday, Thursday, at the annual Tax Forum organized by the Hellenic American Chamber of Commerce. The minister highlighted Eurostat data showing that in 2023 Greece had the largest tax reduction as a percentage of GDP among EU countries, from 42.8% in 2022 to 40.7% in 2023.

 "Despite the fact that initiatives to tackle tax evasion are progressing, leading to more revenue, the growth of the economy and the 60 tax cuts implemented by the government over the last five years have led to a reduction in the tax-to-GDP ratio," the minister said.

Referring to initiatives to tackle tax evasion, Mr.Hatzidakis stressed that for the first time the average employee pays less tax than the average freelancer.

READ ALSO