Taxation in the United States

The government is building on the successful application of its measures against tax evasion and is introducing a new batch of interventions for 2025 that should improve tax compliance further and allow for middle incomes to have more of the burden that has been placed on them lifted.

With money from tax evasion, the government will fund new benefits in 2025 and 2026. The new state budget reflects that through POS and myDATA, 1.8 billion euros were saved in 2024 from tax evasion (1 billion from VAT and 800 million euros from corporate taxes), and this will be repeated in 2025, allowing 1.1 billion euros in benefits to be given to households and businesses.

Hundreds of thousands of taxpayers use cards to pay for everything from hair salons to taxis, but without seeing the deduction the tax office has promised.

Moreover, a regulation introducing a "haircut" in the settlement for those who upgrade the energy efficiency of their home has so far benefited less than 1,000 owners across Greece.

Municipalities across Bulgaria have initiated increases in local taxes and fees, with several municipal councils incorporating changes to the Ordinance on determining the amount of local taxes into their meeting agendas. Dobrich's municipal councilors were the first to act, approving hikes in property and car taxes, as well as fees for taxi transport licenses within the municipality.

Ahead of the new tax bill, the Ministry of Economy and Finance answers 13 questions to make it more clear what changes are coming in this section. The 12 tax cuts that are being enacted, the incentives given to businesses and all the reforms to the tax law.

The 13 questions and answers on the new tax bill

Kyriakos Mitsotakis sent the message that “regardless of the US election result, Greek-American relations are strategic and will not be affected in terms of content” in his meeting with the President of the Republic, Katerina Sakellaropoulou.

The Council of State, Greece's top administrative court, heard the tax dispute on Monday involving Theodoros Kasselakis, father of former SYRIZA-PS president Stefanos Kasselakis, over tax debts exceeding €11 million.

Sweeping checks and cross-checks are being launched by the Inland Revenue, which is targeting, among other things, tuition fees paid to private schools to confirm whether they are declared as living expenses.

The political establishment had at first appeared allergic to the idea of an independent agency tasked with detecting tax evasion and collecting public revenue. 

Taxpayers whose presumed income is higher than their actual income have two months to find ways to avoid paying additional tax. Taxpayers can claim income, loans received, lump sums, compensation, and gambling winnings to avoid the presumption.