A package of measures that, if fully implemented in 2027, will cost budget about 2 billion euros, the prime minister said yesterday Kyriakos Mitsotakis during his presentation Government program for a new four-year period. The package is aimed at facilitating families with children, since tax-free limit of 1000 euros, workers with a new reduction insurance premiumsand professionals and farmers with its gradual abolition end of claim.

However, the reduction of feigned fees will be accompanied by compliance with measures to limit them. tax avoidance which will be received during 2024. In addition, N.D. this also includes a 30% reduction in living expenses.

gradual introduction

The cost of the measures for 2024 is estimated at 1 billion euros, an amount that increases by about 300 million euros per year in order to achieve, as mentioned above, the full implementation of the program of 2 billion euros. All measures are permanent but will be introduced gradually, with the exception of the tax-free limit, which will apply from January 2024.

The plan presented Kyriakos Mitsotakis predict:

1. From January 1, 2024, increase the tax-free limit by 1,000 euros for families with children. According to the announcement, the non-taxable amount will be:

• EUR 10,000 of today’s EUR 9,000 for married couples with 1 dependent child.

• EUR 11,000 from EUR 10,000 for married couples with 2 dependent children.

• EUR 12,000 out of EUR 11,000 for those with 3 dependent children.

• EUR 13,000 out of EUR 12,000 for married couples with 4 dependent children.

The annual tax credit as a result of the increase in the tax-free threshold is 90 euros for employees, pensioners and farmers with one child, and increases to 220 euros for taxpayers with two or more dependent children.

2. Phasing out sham fees by 2027. Under the plan, the pretend fee, which currently ranges from 400 to 1,000 euros, will be reduced by:

• 20% in 2025 and will vary from 320 to 800 euros.

• 30% in 2026 will be capped at 224 to 560 euros.

If fully implemented in 2027, the package of measures will cost the budget about 2 billion euros.

• In 2027, the claim fee will be fully repaid after 15 years.

It is noted that during the years of the memorandums the speculative fee was charged from enterprises and specialists, regardless of whether they have profit or loss.

3. The final elimination of the preliminary tax for farmers as their main occupation by 2027.

Contributions

4. Reduction by one additional unit of insurance premiums and non-refundable expenses. It is noted that contributions in recent years have decreased by 4.4 units.

5. Reducing the size of daily allowance by an average of 30% from 01/01/2025. Today, even if someone has no income, the tax office calculates the cost of living. For any taxpayer who has received income from any source (for example, even from interest on deposits, child benefits, etc.), current legislation provides for the application of a minimum living wage presumption:

• €3,000 if he is single or married or in a cohabitation agreement and chooses to apply separately from his wife or husband or other party to the cohabitation agreement. From January 2025, the above presumption is capped at 30% and will be set at €2,100.

• EUR 2,500 if he is married or has entered into a cohabitation agreement and decides to submit a joint application with his spouse or the other party to the cohabitation agreement. The above presumption will be set at EUR 1,750.

• Accordingly, the presumptions in force today for housing and automobiles will also be limited.

6. Reducing tax on fundraising from 0.5% to 0.2%. 50% reduction in exchange tax.

Wage

7. An increase in the average wage of more than 25% over the four years 2023-2027 (up to 1500 euros from 1170 euros) and an increase in the minimum wage to 950 euros over four years.

8. Increase in pensions by 3% -4% from 01/01/2024.

9. Increasing the salaries of civil servants and restructuring their wage fund from 01/01/2024.

10. Increase the minimum guaranteed income and disability benefits by 8%.