The intention of New Democracy to submit a roll call vote request for the bill that includes tax rate reductions was announced by MP, Mr. Manos Konsolas, who is the rapporteur of the relevant bill.
Mr. Konsolas stressed that all MPs should assume their responsibilities in order to ascertain the positive measures of the bill.
Specifically:
– for those in the annual income range of 10,000 to 20,000 euros, the tax rate is reduced from the current 22% to 20%.
– for income from 20,000 to 30,000 euros, the tax rate is reduced from 28%, which is currently 26%.
– for income from 30,000 to 40,000 euros, the tax rate is reduced from 36%, which is currently 34%.
At the same time, tax rates are reduced or even completely eliminated for families with children, as well as for young people up to 30 years old. This translates into the fact that for incomes from 10,000 to 20,000 euros, the new reduced tax rate of 20% is reduced even more for families with children, since it is reduced to 18% for taxpayers with one child, to 16% for taxpayers with two children, to 9% for taxpayers with three children, while for taxpayers with 4 children the tax will be zero.
Regarding tax cuts for young people, Mr. Consolas stressed that young people up to 25 years of age and with an annual income of up to 20,000 euros will not pay any tax, while the tax rate for young people up to 30 years of age with an annual income of 10,000 to 20,000 euros is reduced to 9%.
He also mentioned the measures for tax relief for freelancers, since the presumptions for homes and cars are reduced by 30 to 35% and the minimum objective expenditure for dependent children with their own income is abolished.
The tax is reduced for those who have income from rentals, while the institutional framework for the exemption from income tax of owners of properties rented on a long-term lease is expanded and improved.
From 2026, the tax is reduced by 50% and from 2027, the main residence in settlements with a population of up to 1,500 residents is exempt from E.N.F.I.A., a measure that concerns those who have their first residence in mountainous and island areas, in small settlements in these areas.
“The government has a clear, strong and clear mandate from citizens to proceed with institutional and legislative initiatives that improve their lives. It is firmly committed to the policy of reducing taxes and supporting the development process,” stressed Manos Konsolas.
