Extra 33% tax on refineries, to support pensioners

The National Economy and Finance Ministry announced on Thursday the imposition of a temporary solidarity contribution of 33% on the excess profits of refining companies based on their results for tax year 2023.

At the same time, the ministry also announced the switch to permanent of the reduced value-added tax (VAT) rates on taxis and on the service of coffee delivery (take away & home delivery).

The levy on refineries practically extends the measure introduced for their excess profits in 2022.

The revenue will be used mainly for the financial support of pensioners in December (who due to a personal difference do not benefit from the new increase in pensions from January 2025), as well as for strengthening the credits of the National Public Investments Program.

Speaking on Real FM on Thursday morning Prime Minister Kyriakos Mitsotakis explained that the...