Greek Prime Minister Kyriakos Mitsotakis announced a 2.2 billion euro tax and income package at the Thessaloniki International Fair. Pensioners’ annual payment rises to 400 euros in November, while public servants receive a 500 euro gross Christmas bonus from December 2027. Farmers and families with three children also gain income-tax relief. The announcement comes as the government expects a primary surplus almost twice its initial forecast this year.
Greek Prime Minister Kyriakos Mitsotakis unveiled thirty income and tax measures at the Thessaloniki International Fair, with a stated cost of 2.2 billion euros in 2027. The annual payment for pensioners over 65 rises to 400 euros from November 2026. Public servants will receive a gross Christmas bonus of 500 euros from December 2027. The measures are being phased in on a timetable running through December 2027.[1], [2]
Farmers whose main occupation is farming will pay no income tax on earnings up to 20,000 euros from the 2026 tax year. Families with three children receive the same exemption from 2027. The advance tax payment rate falls from 55 per cent to 50 per cent for the 2027 tax year. Housing measures include a 2 billion euro lending programme through the Hellenic Development Bank and a property transfer tax increase from 3 per cent to 15 per cent for buyers from outside the European Union.[1]
Mitsotakis also announced that the monthly minimum wage would rise to 950 euros and then to 1,000 euros in 2028. The economy is growing at an annual rate of 2 per cent. The government expects a primary surplus, excluding interest payments, of about 4 per cent of GDP this year, almost twice its initial forecast. It remains ahead in opinion polls, although its support has fallen below 30 per cent.[2]
