Omnibus” Bill Brings Tax Cuts and Income Boosts from 2026

To beryllium voted connected this autumn – Major changes successful income tax, pensions, ENFIA, rent taxation, and allowances

A comprehensive “omnibus” bill is being drafted by the Greek government to instrumentality each measures announced by Prime Minister Kyriakos Mitsotakis during the Thessaloniki International Fair (TIF), arsenic good arsenic to resoluteness pending issues crossed ministries successful airy of the Fair. The measure volition beryllium submitted to Parliament successful aboriginal October, close aft the draught budget, and volition beryllium passed earlier the extremity of 2025, with each provisions acceptable to instrumentality effect from January 2026.

 Income Tax Cuts for Employees and Pensioners

At the halfway of the measure are new income taxation brackets that volition bring monthly savings of €80 to €150, depending connected income level and fig of children.

• The tax-free threshold will summation for families with children.
• Tax rates volition driblet from the current 22% to: 18% (1 child), 16% (2 children), 9% (3 children), and 0% (4 children).
• Young workers up to property 25 will pay 0% income tax up to a definite income.
• Ages 26–30 will beryllium taxed astatine a flat 9% rate.

Example: A 25-year-old worker presently earning €980 nett volition gain €1,071 from 2026, arsenic taxation withholding volition beryllium eliminated.

Pensions: The End of the “Personal Difference”

Key pension reforms are besides included:

• From 2026, the “personal difference” in pensions volition be cut by 50%, and fully abolished successful 2027.
• This volition effect in real pension increases for 671,000 retirees who antecedently saw raises canceled out.
• The annual €250 allowance for low-income pensioners volition proceed to beryllium paid each November.
• Starting spring 2026, pensions volition be adjusted for ostentation and GDP growth.

Real Estate: Lower ENFIA, Fairer Rent Taxation

Major changes for spot owners:

• A new 25% taxation bracket will use to rental income between €12,000–24,000, reducing taxation burdens connected mediate incomes.
• A landlord earning €20,000 annually from rents will pay €800 little successful taxes from 2026.
• The tax exemption for vacant properties offered for long-term rental will remain, to promote much lodging availability.
• The ENFIA spot tax will beryllium reduced by 50% successful 2026 for primary residences successful towns with little than 1,500 residents and fully abolished successful 2027.
• Additionally, VAT volition be cut by 30% on at slightest 20 distant islands, supporting the regions.

Freelancers and Self-Employed: Lower Imputed Income

The measure introduces a 30% simplification successful surviving disbursal presumptions (“tekmiria”) and cuts imputed income, particularly for tiny businesses successful agrarian areas:Thousands of professionals volition nary longer beryllium taxed connected inflated “deemed” income supra what they really earn.

Allowances and Benefits: Extra Support for Tenants, Academics, and Families

Additional fiscal enactment includes:

• One-month rent refund for tenants, starting November 2025.
• Abolition of the 10% interest connected pay-TV subscriptions, cutting monthly costs by €2–5 on platforms like Netflix, Cosmote TV, and Nova.
• Introduction of a tax-free “library allowance” for university module and researchers.

Timeline of Measures – What Happens When

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Over €4 Billion Back into the Economy

The authorities estimates that wrong 18 months, these measures volition channel over €4 cardinal backmost into the existent economy, via:

• Tax cuts
• Income increases
• Direct enactment for households and professionals

For the archetypal clip successful years, the mediate people sees existent alleviation – with noticeable increases successful take-home income and meaningful taxation fairness.

Source: pagenews.gr

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