The majority of Greek public sector employees noticed higher net pay in their accounts, as new tax reductions increased annual earnings for many workers.
The regular December 23 payroll was credited earlier than usual, offering a financial boost just days before Christmas.
The increases were reflected only for staff whose payroll data had been successfully updated in time by their respective financial departments.
The improved earnings stem from reduced income tax rates introduced under the Ministry of National Economy and Finance’s new tax bill, first outlined at the Thessaloniki International Fair.
Detailed Examples of Annual Benefits
A 25 year old with no children and annual income of €15,000 gains €1,283.
A 30 year old with no children and annual income of €15,000 gains €650.
A 35 year old with 1 child and annual income of €20,000 gains €400.
A 40 year old with 2 children and annual income of €20,000 gains €600.
A 45 year old with 2 children and annual income of €25,000 gains €900.
A 45 year old with 3 children and annual income of €20,000 gains €1,300.
A 45 year old with 3 children and annual income of €25,000 gains €1,700.
A 48 year old with 4 children and annual income of €20,000 gains €1,680.
A 48 year old with 4 children and annual income of €25,000 gains €3,180.
A 50 year old with 2 children and annual income of €30,000 gains €1,200.
