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Measures package of 870 million in 2025 budget: Reduction of contributions, pension increase, VAT suspension in construction, etc.

  • Measures package of 870 million euros in the 2025 budget: Reduction of contributions, increase in pensions, suspension of VAT on construction, etc.
  • Minister of National Economy and Finance, Kostis Hatzidakis, presents key interventions in the 2025 budget to strengthen incomes and reduce taxes.
  • Budget for 2025 includes reduction of insurance contributions, abolition of business tax for professionals, return of Special Consumption Tax to farmers, increase in student housing allowance, increase in pensions, and suspension of VAT on construction.
  • Total measures amount to 870 million euros, with a focus on maintaining a stable and responsible fiscal policy.
  • New institutional framework will be introduced to encourage business mergers and innovation, with tax incentives.
  • Significant increase in Foreign Direct Investments, with plans to address investment gap and boost exports.

Source: taxheaven.gr

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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