Greece's Ministry of National Economy and Finance has put out for public consultation, until 1 November 2026, the bill with the measures announced at the 90th Thessaloniki International Fair, aiming for a vote in November. Measures include a zero tax rate up to EUR 20,000 for families with three children and for full-time farmers, abolition of the business levy for legal entities outside Attica from 2026, and a cut in the advance tax for sole proprietorships from 55% to 50%. Freelancers are exempted from the minimum presumed income surcharges if they have sent all data to myDATA, linked their POS terminals to their cash registers and have had no violations in five years. A new child investment account with a state contribution is also created.

What it means: For small businesses and freelancers, the most interesting part of the bill is the link between tax relief and digital compliance. The exemption from the minimum presumed income surcharges is not given to everyone, but to those whose documents are fully reported in myDATA, whose card terminals are connected to their tills and whose record is clean. That sends a clear message that complete and correct digital recording of transactions will be rewarded, while gaps will cost money. For anyone using invoicing software and e-invoicing providers, this is a good moment to check that every document is transmitted correctly and that the POS link works. Abolishing the business levy for legal entities outside Attica, cutting the advance tax and allowing accelerated depreciation lower costs for many businesses, while extending the incentive for electronic payments keeps the push towards cards going. The bill is still in consultation and the final text may change, so details should be confirmed after the vote. Interested parties can submit comments until 1 November.

Read the original on Υπουργείο Εθνικής Οικονομίας και Οικονομικών

Related service: myDATA integrations

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