Mitsotakis’ TIF Package: Full Breakdown of the New Measures

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης

The Greek government set out on Monday the details of a multiyear package of tax cuts, income support and investment measures announced by Prime Minister Kyriakos Mitsotakis over the weekend at the Thessaloniki International Fair, laying out changes that will affect workers, pensioners, families, homeowners and businesses through 2030.

The measures will have a relatively limited budgetary impact at first, estimated at €605 million in 2026, before rising sharply to €2.2 billion in 2027 and eventually reaching €3.6 billion a year by 2030, according to estimates by the Ministry of Economy and Finance.

The measures were presented by Finance Minister Kyriakos Pierrakakis, Alternate Finance Minister Nikos Papathanasis and Deputy Finance Ministers Thanos Petralias and Dimitris Markopoulos, who is responsible for tax policy. Pierrakakis described the package as part of a broader economic strategy combining lower public and private debt with higher household income, investment and employment. The government’s goals for 2030 as outlined include gross domestic product of more than €310 billion, an average full-time salary of €1,800 and investment exceeding 20% of GDP.