- Economy and Finance Minister Kyriakos Pierrakakis held a two-hour teleconference with regional governors and mayors of 19 border islands to discuss a significant VAT reduction effective January 1, 2026. The meeting focused on tax reform, demographic support, and reducing VAT on border islands, with plans to gradually abolish the ENFIA property tax in small settlements. VAT will decrease from 24% to 17% and from 13% to 9% for all products and services. Pierrakakis emphasized that while these measures don’t solve demographic issues, they show the state’s commitment to addressing declining birth rates.
Source: ekathimerini.com
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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