The number of tax cuts included in the latest draft bill tabled by the national economy ministry reach 12, with the legislation submitted for public debate this week.
A handful of incentives is also envisioned for mergers and acquisitions, along with greater innovation and bonuses for start-ups.
One noteworthy break is a tax-free ceiling of 300 euros a month in gratuity and tips, along with a total exclusion for paying social security contributions on the former.
In terms of specific tax breaks, one of the weightier is another one-percentile reduction in social security contributions, coming on the back previous cuts since 2019 reaching 4.4% points.
As previously and prominently reported, a long-time monthly fee paid by self-employed professionals, craftsmen and free lancers – lowered to below 500 euros – is completely abolished.
Another interesting tax break is a three-year tax-free status for income from properties previously closed or used for short-term leasing, the ubiquitous Airbnb-style exploitation.
The universal property tax, known by its Greek-language acronym of ENFIA, will be cut by 10% to 20% in 2025, assuming a property is insured against natural disasters.
Another noteworthy development is the abolition of the bailout-era excise tax on land lines for connections exceeding 100 Mbps.
