Tax bill: ND, PASOK and SYRIZA said “yes” to 12 tax cuts and 12 income increases

The new tax bill was passed.

– New Democracy, PASOK, and SYRIZA in favor of the Prime Minister’s announcements at the Thessaloniki International Trade Fair with 12 tax cuts and 12 income increases

The Finance Ministry’s bill with 12 tax cuts and 12 income increases was approved by a majority.

In principle, the draft law was passed by the New Democracy, while the other parties voted against it, except for the Spartans who declared “present”.

However, the twenty articles of the first part on income support, which included the announcements of Prime Minister Kyriakos Mitsotakis at the Thessaloniki International Fair, received wide support as they were all voted for by ND, PASOK and SYRIZA.

It is indicative that a few hours after the meeting of Mr. It is indicative that within hours of the meeting between Mitsotakis and Androulakis, PASOK voted in favor of 58 articles out of a total of 130, while SYRIZA voted for a total of 68 provisions.

Among other things, the bill provides for:

– A reduction of an additional 1 point in insurance contributions.

One additional 1.1 percentage point increase of one point by one percent
– Abolition of the business tax for all natural persons (freelancers, self-employed persons as well as employees who are paid on a “blockchain” basis).

– Income tax exemption for 3 years for properties to be rented out that were previously declared as vacant or allocated for short-term rental.

– Exemption from premium tax (15%) on health policies for children up to 18 years of age.

-Double reduction of ENFIA from 2025 (from 10% to 20%) for residences of individuals, taxable value up to 500,000 euros, insured for natural disasters (fire, earthquake, flood).

– Abolition of fixed telephony fee (5%) for fiber optic connections (≥100 Mbps).

– Tax exemption of voluntary business benefits for young parents.

– Tax on fees for on-call physician services at a rate of 22%. The monthly net benefit on average for doctors is estimated at 150 euros and in many cases exceeds 200 euros.

– Provision of incentives for mergers and acquisitions of enterprises related to “small” entrepreneurship, at a total cost of €40 million.

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