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Thursday
15
Jan 2026
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Athens 16°C

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The silent tax: Inflation’s growing burden on the middle class

The Bank of Greece takes a picture of fiscal drag - Calls on the government to incorporate it into its planning - Paving the way for the indexation of the tax scale in view of the Thessaloniki International Fair

Half a billion from defense spending freed up for benefits – Outcome of Athens-Brussels negotiations

Half a billion euros in defense spending is being repurposed to create fiscal space for new benefits. This amount will be added to the budget margin expected to open up toward the end of this year, allowing the government to finance permanent support measures and tax cuts

Budget: €5.148 billion primary surplus in the four months – €22 billion in tax revenues

Tax revenues exceeded the state budget target by 1.36 billion or 6.6%

AADE: Summer crackdown with drones, undercover checks, and “tourist-tax inspectors” to catch tax evaders red-handed

The extensive operational plan foresees more than 40,000 checks in tourist areas, islands and areas of high economic activity - The sanctions foreseen

The AADE is reinforced with 385 new tax and customs officials

The swearing-in ceremony took place today, in the presence of the Governor of the Hellenic Revenue Service, George Pitsilis

AADE: 2.8 million tax declarations under scrutiny for low income and high spending

Hundreds of suspicious cases have already been identified – The goal is to uncover undeclared income or abuse of social benefits

Consistency bonus in the pipeline for thousands of taxpayers – What they will gain from the tax “white register”

New rebate scheme, deposit protection and fast track refunds for those who pay on time

AADE: Three new digital weapons in the battle against tax evasion – Who they affect

Digital clientele, mandatory e-invoicing and digital monitoring of the movement of goods are being thrown into the battle by the AADE

Rent: The two scenarios for less tax – Up to 1,700 euros per year relief

Intermediate rates and breaking the gap of 15%-35% is being considered by the Ministry of Finance - Who and how much they save with the two scenarios - See examples

Tax Declarations: Real estate, interest, yachts, and… debts – What 6.7 million Greeks reported to the tax office in 2024

How Greeks live according to their 2024 tax returns – €59 billion in card purchases, 5.4 million cars, and 18,000 swimming pools

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