The situation in the Middle East adds to the uncertainty surrounding its potential impact on the Greek economy. However, the economic team still has time to strategize before the Prime Minister’s announcements at the Thessaloniki International Fair (TIF) in early September.
Final decisions, influenced by the latest geopolitical developments, will be made right at the last moment.
The government’s aim is for any new measures to benefit all citizens, with a special emphasis on the middle class. Additionally, plans are underway to further combat tax evasion and tackle housing issues.
Significant elements of the upcoming announcements are expected to include tax relief initiatives and incentives for electronic payments.
Among the potential scenarios being considered are:
- Reevaluation of tax deductions for electronic payments to professionals with high tax evasion rates.
- Tax reductions.
- Abolition of the method for calculating taxes for self-employed individuals based on imputed income.
- A decrease in employer social security contributions by at least half a percentage point.
- A 30% reduction in deemed income criteria (presumed living standards) with a gradual elimination goal in the coming years to address distortions and ensure a more equitable tax burden distribution.
Another option under review is to enhance the out-of-court settlement mechanism.
