Greece will suspend VAT on construction as part of the 2025 budget

• Greece will reduce social security contributions and suspend VAT on construction as part of the 2025 budget
• The budget for 2025 includes measures to increase incomes and reduce taxes totaling 870 million euros
• Specific measures in the budget include reducing insurance contributions, abolishing the business tax for professionals, and increasing student housing allowances
• The goal is to maintain a primary surplus of 2.1% of GDP and continue responsible fiscal policies
• The government will intervene legislatively if electronic transaction fees are not reduced
• Greece’s economy has shown resilience and strong growth compared to the eurozone average, despite external challenges
• Emphasis is placed on maintaining surpluses for stability and responsible fiscal management, especially in uncertain environments

Source: minfin.gov.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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