The prime minister of Greece first proposed a new wave of tax cuts three months ago at the Thessaloniki International Fair, marking the start of 2026. The action is taken as the nation seeks to support household incomes following years of sharp price hikes and inflation. After Kyriakos Pierrakakis was elected to lead the Eurogroup, which brings together the finance ministers of the eurozone to coordinate economic strategy, Greece also currently holds the rotating chairmanship of the organization.
In practice, the lowest income tax bracket has remained at 9%, while 2 percentage points have recently reduced most basic income tax rates. Depending on the number of children in a household, tax rates will decrease. For instance, taxpayers with one kid will pay 18% instead of the present 22% rate in the €10,000–€20,000 income group.
Families with two children will see it drop to 16%, families with three will see it drop to 9%, and families with four will see it drop to zero. According to estimates from the Greek finance ministry, a worker making €20,000 annually would save €600 if they had two children, €1,300 if they had three, and €1,680 if they had four.
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