Greece Planning Personal Income Tax Rate Cuts with Larger Cuts for Families with Children

The Greek Ministry of Finance has issued a release on plans for personal income tax rate cuts, with larger cuts for families with children. The general rate cuts include a 2% reduction in the current second, third, and fourth brackets, along with the introduction of a new fifth bracket, resulting in the following brackets/rates:

• up to EUR 10,000 - 9%
• EUR 10,001 up to 20,000 - 20% (down from 22%)
• EUR 20,001 up to 30,000 - 26% (down from 28%)
• EUR 30,001 up to 40,000 - 34% (down from 36%)
• EUR …