The government is thinking about adding one or two more tax brackets to limit the huge burden on those who earn income from property. Based on the scale, for a taxpayer who earns a total net income of €20,000 from rent, the tax is €4,600. For another taxpayer who received a total net income of 35,000 euros from rent in 2022, income tax reaches 9,850 euros.
The second proposal under consideration, which appears to have broad support, is to lower the income tax on primary rental housing and keep it at the same level for short-term rentals. Thus, it is expected that many properties will be vacated and offered for primary residence, which at the same time will lead to lower rental prices that have reached heights.
Source: Kathimerini
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