From 1 January 2025, a number of new measures will come into force in Greece aimed at reducing the tax burden on residents of the Hellenic Republic. The changes affect various categories of taxpayers.
Freelancers. The tax burden will be significantly reduced for various categories of self-employed persons.
Business tax. The business tax will be abolished for those who operate under the invoice system ('blokki'). This will result in a saving of €400-500.
Social contributions. There will be partial reductions in social contributions for employees of companies. As a result, employees will receive an increase in their net wages, which will also benefit employers.
ENFIA. A double reduction in property tax: by 10% for properties up to €500,000 that are insured against natural disasters such as fire, earthquakes and floods, and by 20% for first homes.
ENFIA for historic buildings. Abolition of the ENFIA tax for buildings of historical value up to €400,000.
Rentals. Tax relief is available to owners who, after 8 September 2024, rent out a dwelling that has not been used for three years or convert the rental from a short-term to a long-term rental. Tax exemption on rental income is available for a period of three years.
VAT on real estate. The VAT freeze on new property transactions will be extended for another year.
Young parents. Voluntary financial payments by employers to young parents are exempt from tax.
Insurance premiums. Health insurance contracts for under-18s are exempt from 15% of premium tax.
Tips. A tax-free limit of €300 per month will be introduced for tips given to employees in restaurants, personal services and similar industries.
Fixed telephony. The 5% surcharge for users of fibre optic connections with speeds of 100 Mbps and above will be abolished.
Tourism levy. The levy charged per night for stays in hotels and short-term rentals is increased.
Permits for short-term rentals. In 2025, it will be prohibited to register properties for short-term rentals in the 1st, 2nd and 3rd districts of Athens.
Tax deduction. The tax deduction for a lump sum payment of income tax will be increased to 4% for those who file their tax returns by 30 April.
Tax returns. For the first time, statutory start and end dates for filing tax returns are set, along with penalties for errors and omissions by tax authorities and third parties.
These changes are aimed at stimulating the economy, supporting citizens and increasing the transparency of the tax system.