A new increase in VAT and VAT revenue comes

Despite the fact that indirects in Greece are particularly “troubled” and the public debate is often monopolized by demands such as VAT reduction, these instead of going downhill replaced by other sources of revenue, they are expected to increase within 2025. Overall, the financial staff plan, as appears within the preliminary budget of 2025, is to have enhanced public revenue with taxes, indirect and direct, playing a key role in it. Moreover, it is noted that, based on the new financial rules, one way to make additional interventions such as further reduction of taxes is to overcomply taxation. On this basis, and given that by 2027 the government is counting on large aid to its tax revenues, due to the treatment of tax evasion, an increase in these resources is estimated in 2025 against Tax revenues are expected to rise by EUR 2,474 billion or 3.7% compared to 2024, mainly due to projected growth in the economy, up to EUR 68,721 billion. Of these, tax revenue on goods and services is projected to amount to EUR 37,798 billion, increased by 1,528 billion or 4.2% over 2024. The lion’s share takes over VAT revenue, which in 2025 is expected to amount to EUR 26,508 billion increased by EUR 1,254 billion over 2024, and Special Consumption Taxes (EFKs) are set at EUR 7.239 billion, increased by EUR 47 million over 2024. At the same time, taxes and import duties are forecasting revenues of EUR 351 million, increased by EUR 17 million over 2024. Where tax revenue reductions are recorded as a result of the new measures On the contrary, in other tax categories the revenue is expected to be reduced due to the reduction of relevant rates, as in the case of the ENFIA. Thus, in terms of revenue from regular property taxes, it is expected to amount to EUR 2,395 billion, reduced by EUR 39 million over 2024, mainly due to the reduction in the amount of the EFF by 20% to owners who will insure their dwellings, with a taxable value of up to EUR 500,000, for natural disasters, which is also included in the preliminary draft budget. Accordingly, the other taxes on production will also fall due to the abolition of the trade fee to freelancers. Revenue of EUR 456 million is foreseen, reduced by EUR 141 million compared to the 2024 estimate. Reinforced by growth income tax Over EUR 1 billion more will draw the State in 2025 from income taxation. This due to tax increases but due to high growth rates leading to more revenue. Income tax revenues are expected to amount to EUR 24,941 billion, increased by EUR 1,065 billion or 4.5% over 2024. Of these: the income tax of natural persons is projected to be EUR 15,052 billion, increased by EUR 878 million compared with 2024, as a result of the growth of the economy and the expected new increase in the minimum wage and the income tax of legal persons is projected to amount to EUR 7,972 billion, increased by EUR 180 million compared to 2024.