Overview

• Prime Minister Kyriakos Mitsotakis announced the package in Thessaloniki, with most measures taking effect in 2026 and some phased into 2027.
• Young workers under 25 would pay no income tax on earnings up to €20,000, while those aged 26–30 would face a 9% rate.
• Families receive steep cuts, including zero income tax for four‑child households up to €20,000 and lower rates for one to three children.
• A two‑percentage‑point reduction across income‑tax brackets is planned, alongside halved then abolished property tax in small villages and a roughly one‑third VAT cut on small islands.
• The government estimates a cost near €1.6 billion, points to a €2.2 billion January–July surplus and anti‑evasion gains, faces protests and opposition criticism, and says the plan complies with EU fiscal rules.