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  • Major changes planned in income, pension and rent taxation

    The Ministry of Finance is preparing a plan of major changes in the taxation of employees, pensioners, self-employed and…

    The Ministry of Finance is preparing a plan of major changes in the taxation of employees, pensioners, self-employed and rentiers, in order to discuss with the institutions upon their return to Athens.

    The government plans involve additional taxes for those declaring an income above 30,000 euros and introduces a uniform tax scale for employees, pensioners, self-employed and farmers. Furthermore, the solidarity tax is becoming permanent and will increase for incomes over 35,000 euros.

    In greater detail, the new tax rate for employees, pensioners, farmers and self employed will be as follows

    Income

    Tax rate

    Up to 25,000 euros

    22%

    25,000 – 30,000 euros

    32%

    30,000 – 60,000 or 65,000 euros

    42%

    Above 60,000 or 65,000

    50%

    Similarly, rent will be taxed based upon the income declared:

    Income

    Tax rate

    Up to 12,000 euros

    15%

    12,000 – 40,000 euros

    35%

    Above 40,000 euros

    40%

    Finally the solidarity tax will change depending on the tax-payer’s income:

    Income

    Tax rate

    12,000 – 20,000 euros

    0.7%

    20,000 – 30,000 euros

    3%

    30,000 – 50,000 euros

    5%

    50,000 – 100,000 euros

    6%

    100,000 – 500,000 euros

    8%

    Above 500,000 euros

    10%

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