Lower Presumptions Ease the Burden for Taxpayers
A broad revision of Greece's living standard presumptions is set to reshape the tax landscape from the 2025 fiscal year. A notable drop in presumed expenses for residences and leisure boats by 30 and for cars by 50 aims to lighten the load for many households. Approximately 477000 taxpayers who previously faced additional charges will no longer be subject to tekmeria.
A significant share of the population has until now been taxed based on imputed income with more than 1500000 individuals paying taxes unrelated to their actual earnings. This approach added 4400000000 euros in extra obligations last year. Dependent children with their own income are now exempt from the minimum presumption of 3000 euros creating further relief.
Revised Presumptions for Residences
The updated residence system applies reductions across all surface brackets reflecting a substantial shift in how presumed living expenses are calculated. New rates stand at:
28 euros per m2 for spaces up to 80 m2 down from 40
45 euros per m2 for 81 to 120 m2 down from 65
77 euros per m2 for 121 to 200 m2 down from 110
140 euros per m2 for 201 to 300 m2 down from 200
280 euros per m2 for properties above 301 m2 down from 400
Properties in higher value zones continue to carry surcharges although these too are reduced. Homes in zones priced between 2800 and 4999 euros per m2 face a 30 percent increase while zones exceeding 5000 euros per m2 face a 58 percent increase. Single family homes incorporate an additional 20 percent while secondary residences benefit from a 50 percent reduction.
Examples highlight the scale of these changes. One primary residence of 80 m2 in a 1750 euro zone now carries a presumption of 2240 euros compared with the previous 3200. Another property of 120 m2 in a 2100 euro zone shifts from 5800 to 4040 euros. A 120 m2 home in a 3000 euro zone drops from 8120 euros to 5252. A 300 m2 residence in a 5000 euro zone falls to 38236 euros from 58820.
New Framework for Vehicle Presumptions
A parallel revision affects car owners whose vehicles are up to 15 years old. CO2 emissions will now determine presumed expenses mirroring the system used for circulation fees. Significant reductions arise particularly for newer vehicles with low emissions. Cars up to 5 years old may see decreases exceeding 50 while vehicles around 10 years old experience smaller cuts.
Cars older than 15 years will retain the current presumption system ensuring stability for owners of older models.
