More than 7 million Greek taxpayers pay reduced income taxes, totaling a substantial 3.87 billion euros after taking advantage of tax exemptions and deductions, according to the Independent Authority for Public Revenue (AADE).
The accumulation of tax deductions and exemptions over the years has strained the public finances, with data from the Independent Authority for Public Revenue (AADE) up to September 30, 2023, showing there were currently 1,064 tax exemptions costing 15.557 billion euros.
Exemptions in capital taxation – property transfer tax, parental benefits, donations, inheritances, and ENFIA – amounting to 5.5 billion euros, was the most significant burden on the budget, costing the state 5.396 billion euros.
Thanks to the implementation of 206 tax exemptions and deductions, around 48,000 businesses leveraged relief from tax burdens to the tune of 1.84 billion euros, while nearly 4.9 million property owners saw a 76.5 million euros decrease in this year’s Single Property Tax (ENFIA) due to discounts and exemptions.
Recently, Bank of Greece Governor Yiannis Stournaras warned that the state was in “need of revenue” recommending the government reassess tax breaks to determine if those eligible actually “meet the criterion of assisting the most vulnerable”.
Tax Exemptions Breakdown
Tax exemptions constitute 25% of the budget’s tax revenues, with some of the notable breaks including:
- In income tax for individuals, 239 exemptions and deductions cost 5.39 billion euros. Over 10.2 million individuals used these exemptions, with 3.85 billion euros related to the tax-free threshold utilized by employees, pensioners, and farmers.
- In annual road tax, the total exemptions amount to 11.844 billion euros.
- In corporate income tax, 206 exemptions and deductions totaling 1.84 billion euros apply to 48,248 businesses.
- In capital taxation, 87 exemptions and deductions are applied. Exemptions in ENFIA, property transfer tax, parental benefits, donations, and inheritances cost the budget 5.5 billion euros.
- VAT saw 75 exemptions and tax reliefs, with the benefit for businesses, professionals, and consumers reaching 939.1 million euros.
- In Special Sales Tax, 43 exemptions amount to 1.047 billion euros.
Πηγή: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region
Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-600x400.jpg)
