Tax “cuts” at the Thessaloniki Fair: Pierrakakis targets businesses, freelancers, and levies

New fiscal package under consideration aims to reduce tax burdens on companies and self-employed professionals, focusing on advance tax, imputed income, and corporate rates.

A politically charged fiscal package ahead of the Thessaloniki Fair

A new round of tax interventions with strong political and economic weight is being prepared by the finance team led by Kyriakos Pierrakakis, expected to be unveiled at the Thessaloniki International Fair (TIF).

The proposed package focuses on businesses, freelancers, and overall liquidity in the real economy, aiming to ease pressure on some of the most heavily taxed segments of the Greek economy.

Advance tax at the center of the reform debate

One of the key pillars of the plan is a potential reduction in advance corporate tax payments, a mechanism widely criticized by market participants for straining liquidity.

Currently, advance tax can reach up to 80% for businesses, effectively creating a significant prepayment burden.

The government is reportedly examining scenarios for a substantial reduction, which could free up liquidity for investment, operations, and working capital.

Imputed income system under scrutiny

Another major issue on the table is the imputed income taxation regime for freelancers and self-employed professionals, which has sparked political and social debate.

Officials acknowledge that despite adjustments, the system may still produce distortions between real and taxed income, particularly affecting professionals with volatile or low actual earnings.

Corporate tax rates and competitiveness agenda

The broader reform package may also include:

• Reductions in corporate tax rates
• Adjustments to social contributions and related charges
• Targeted measures to improve economic competitiveness and investment attractiveness

The overarching goal is to strengthen business activity and improve Greece’s positioning as an investment destination, while maintaining fiscal discipline within EU constraints.

The political stakes of the Thessaloniki Fair

This year’s Thessaloniki Fair is shaping up to be a key moment for economic policy messaging, with tax reforms expected to play a central role in the government’s narrative.

The administration aims to signal a shift toward a new phase of structural tax relief, balancing middle-class relief with business-friendly reforms.

The Pierrakakis tax package is more than a technical adjustment—it represents a broader political and economic direction, redefining the relationship between the state and the productive economy.

Whether it will materialize as a true “tax cut wave” or a carefully calibrated fiscal adjustment will depend on the final package presented in September, with businesses and professionals watching closely.

Source: pagenews.gr