In the “works” is the tax bill which will legislate the measures announced in Thessaloniki International Exhibition and were specialized by the government financial staff.

The bill will be tabled in Parliament immediately after the draft of the new budget on the first Monday of October, and will incorporate interventions in the taxation of real estate, income, benefits and insurance premiums.

That is, the three-year exemption from income tax for vacant properties that will be rented, corrections to the presumptions of freelancers with the simultaneous abolition of the Business Fee, a reduction of ENFIA up to 20% for insured homes, suspension of VAT on property transfers and in 2025, exemption from tax on benefits from employers to new parents, independent taxation of on-call fees of NHS doctors and a one unit reduction in insurance contributions.

In particular, the new regulations provide for:

  • Three-year exemption from income tax for those owners who open closed properties or convert short-term leases to long-term ones.

    The basic condition is that the property is vacant as shown by E2 or is on a short-term lease for at least 3 years, its area does not exceed 120 sq.m. and be owned by natural persons and not by businesses. The relief for an owner with a monthly rent of 1,000 euros amounts to 1,800 euros a year or 5,400 euros over three years, while for a monthly rent of 1,660 euros the annual benefit is 4,600 euros.

  • 20% discount (from 10%) in ENFIA for homes with a total value of up to 500,000 euros that are insured against natural disasters (earthquake, fire, flood).

    For owners who own insured homes with a taxable value of more than 500,000 euros, the ENFIA discount remains at 10%, but if they do not insure them against natural disasters by June 1, 2025, they will not be compensated by the state for damages caused by natural disasters.

  • Extension of the suspension of VAT on property transfers until the end of 2025.

    The measure will apply to all of the builder’s undisclosed properties, from all building permits that have been issued and concern either his own properties or properties that he builds with the compensation system, up to the application for suspension. Thus, for a residence worth 200,000 euros, the purchase cost with 24% VAT and transfer tax is 248,000 euros. With the suspension of VAT the price of the same property drops to €206,000, since only 3% transfer tax is imposed, so the buyer will pay €42,000 less or 17%.

  • 50% reduction of the minimum taxable income for professionals, self-employed and sole proprietorships operating in areas with up to 1,500 inhabitants (now the 50% discount applies to those based in villages with a population of up to 500 inhabitants).
  • Transfer to the end after counting the other criteria of the criterion for the maximum wage of an employee that increases the minimum wage. Today, the salary of the highest paid employee is taken comparatively at the beginning as the highest amount in relation to the minimum salary over three years of the obligee before counting the other criteria (increase due to payroll and turnover).
  • Increase in the average turnover of the KAD as a result of which the increase of the minimum taxable income is limited for professionals whose turnover exceeds the average of the corresponding KAD. With the current system for determining the minimum presumptive fee, in the event that the freelancer’s turnover exceeds the average annual turnover of the Activity Code (K.A.D.) of the sector to which he belongs, a 5% increase in the minimum presumptive fee is imposed on the difference.
  • Abolition from 2025 of the Business Tax for self-employed persons for whom the tax is calculated in a presumptive way. Professionals this year were asked to pay a reduced fee of 50%, namely 325 euros, while in 2026 they will not pay a single euro of tax. The Fee remains for legal entities and their branches.
  • Financial benefits of up to 5,000 euros per year from employers to employees – new parents, are exempt from income tax up to 12 months after the birth of a child and up to the amount of 5,000 euros per year. The amount is increased by 5,000 for each dependent child.

    The condition is that there is no reduction in the earnings of the new parent during the months he received the benefit, as well as for the immediately preceding and following six months in relation to the earnings of the last month before the benefit. A tax exemption is also provided for nursery school vouchers provided by companies to their employees.

  • 15% premium tax exemption on health policies for children. In the case of a family or group contract, the tax is reduced in proportion to the number of minor members it covers.

Independent taxation at a rate of 22% of ESY emergency services. The monthly net benefit for doctors is estimated at around 150 euros on average.