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Thessaloniki International Fair (TIF): Final Touches Before the Event – Insurance Contributions, Retouching the Freelancer Tax, and AirBnB Regulations

Brussels is expected to give the final approval for using €1 billion in EU funds for the "My Home 2" program, which will likely begin in early 2025

Newsroom September 4 07:20

At the Maximos Mansion, preparations are in full swing for TIF. Prime Minister Kyriakos Mitsotakis is finalizing his speech, aiming to mark the start of the political season and set a foundation for a three-year plan leading up to the 2027 elections. The government is aware of the public’s current dissatisfaction, as reflected in recent polls, and is focusing on measures that will have an immediate impact on daily life.

There is reportedly an agreement with Brussels for an additional €500 million in spending due to Greece’s strong economic performance. A possible “surprise” might come in the form of a reduction in insurance contributions, initially announced at 0.5%, but could reach 1%, either in one step or two. This would provide some relief to businesses and increase wages slightly.

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Regarding the freelancer tax, which sparked protests and led many professionals not to vote for the New Democracy party in the recent European elections, the government is considering targeted adjustments rather than a full rollback of the measure.

Despite some resistance within the government, the Finance Ministry acknowledges that declared incomes for freelancers are often low and is considering specific adjustments based on factors like business turnover and payroll costs.

Additionally, restrictions on Airbnb rentals are being planned, especially in heavily impacted areas near the center of Athens. The government aims to encourage property owners to switch to long-term rentals through tax incentives.

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