The government will further reduce taxes, Economy and Finance Minister Minister Kostis Hatzidakis said late on Thursday at the annual Tax Forum organized by the Hellenic-American Chamber of Commerce.
"We want to cut taxes further, not because we want to please citizens, but because we can do so. A total of 12 tax cuts will be implemented in 2025. In 2026 and 2027 we will proceed with further reductions, for two reasons: because Greece, according to the estimates of all international organizations, will have higher growth than the EU average and because the effort to reduce tax evasion continues," he noted.
The minister also cited Eurostat data according to which Greece recorded the largest tax reduction in terms of GDP among EU countries in 2023, from 42.8% in 2022 to 40.7%. "Despite the fact that the initiatives to tackle tax evasion are progressing leading to higher revenues, the growth of the economy and the 60 tax reductions that the government has implemented in the last 5 years have led to a reduction in the percentage of taxes in terms of GDP," the minister underlined.
Hatzidakis also referred to the implementation of the interconnection of cash registers with POS, which exceeded the goals set in the framework of the Recovery Fund. "This has contributed to having 10.3% more VAT revenue in the first half of 2024 than in 2023, with inflation at 3%. The remaining 7.3% comes from growth and tackling tax evasion. We have chosen the difficult but the right path and that is why we are getting results," he said.
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