By Vangelis Dourakis

Good … Summer 2027 will be measured by the citizens from the tax reform announced by Prime Minister Kyriakos Mitsotakis, by submitting statements on 2026 income. But nothing else, but from the beginning of the new year there will be increases for the employees. The new scale restricts bookings from the tax office and so employees, private and civil servants will get more money “in hand”.

According to detailed examples, indirect wage increases will not be negligible, with the larger winners of employees with a family with children and of course concerning both the private and the public sector.

Detailed examples of wage increases … through the slope

In particular, an employee of the private sector if for example does not have children and his net earnings are 1,000 euros From January 1st he will see 12.52 euros per month More on his bank account. If his salary is at the levels of 1,500 eurosthen the increase will be 39.95 euros and if he has earnings 2,000 eurosthen the extra amount to receive monthly will be 70.35 euros.

In the case now, having 2 children And his net earnings are 1,000 euros from January 1st he will see 16.82 euros a month more in his bank account. If his salary is at € 1,500, then the increase will be 71.54 euros and if he has earnings of 2,000 euros, then the additional amount receives a month will be € 117.06.

Finally, if he has 4 guys And his net earnings are 1,000 euros from January 1st he will see 13.8 euros a month more in his bank account. If his salary is at € 1,500, then the increase will be 144.05 euros and if he has earnings of 2,000 euros, then the additional amount receives a month will be € 209.03.

How much do taxes decrease – detailed examples

Related calculations are made on the basis of changes which are the following:

  • The rate for the annual income section of up to EUR 10,000 remains at 9%.
  • For income from 10,000.01 euros to 20,000 the tax from 22% falls to 20%.
  • In the “track” of income from 20,000.01 to 30,000 euros from 28%, it drops to 26%.
  • The tax rate for the annual income section from 30,000.01 to 40,000 euros from 36% goes to 34%.
  • For incomes between 40.000.01 and 60,000 euros as mentioned above, the rate of 44% lands to 39% with “scissors” being 5%

The maximum rate of 44% will now apply to the “part” of incomes exceeding 60,000.01 euros, instead of 40,000.01 euros and above today.

Thus, for example, employee without children with income of up to 30,000 euros has a tax benefit of 400 euros a year.

How much do families save on taxes

For families with children will be adopted Extra Reduction 2% for each child and up to two For the “piece” of income from 10,000.01 euros to 30,000 euros. So,

  • Anyone who has 1 child for the part of the income from 10,000.01 euros to 20,000 will have a rate of 18% and the one with 2 children will have 16%, while
  • For the amount from 20,000.01 to 30,000 euros the rate falls to 24% for a child and 22% for those who have 2 children.

For them trite The rates are even more cut off, always for the part of the income from 10,000.01 euros to 30,000 euros. Especially for the triplers:

  • For the amount of 10,000.01 euros to 20,000 the rate is 9% with the tax limited to half
  • For part of the income from 20,000.01 to 30,000 euros the rate is set at 20%.

With the aforementioned as data, this practically means that – for example – a taxpayer with 1 child and annual earnings of 30,000 euros will benefit 800 euros.

Another citizen with an annual income of 20,000 euros and two children will have an annual “profit” of 600 euros. With an income of 30,000 euros the benefit rises to 1,200 euros. Taxpayer – for example – with 3 children and an annual income of 20,000 euros has a “profit” of € 1,300, while with an income of 30,000 euros the benefit is up to 2,100 euros.

Even greater the profit for taxpayers with 4 childrenas a multi -child with an annual income of 20,000 euros will benefit € 1,680 a year and € 4,100 for an income of 30,000 euros.

Tax -free will be the income of up to 20,000 euros they get Young people up to 25 years old. Thus, for example, a 24 -year -old young man with an annual income of 15,000 euros will benefit € 1,283. If his income is 20,000 euros, the benefit will be 2,480 euros.