Greek Government Passes Tax Relief and Private‑Debt Reform Measures

Parliamentary representatives of the Communist Party (KKE) submitted a question to the ministers of Finance and Development, Kyriakos Piraakakis and Takis Theodorikakos, demanding tax relief for self‑employed workers and very small businesses. They highlighted soaring operating costs, rising energy prices, digital compliance penalties and a surge in tax audits that threaten the viability of tens of thousands of micro‑entreprises.

In parallel, the Ministry of Finance announced a new legislative package (Law 5313/26) that overhauls the private‑debt framework. Key provisions include calculating interest only on the monthly instalment rather than the total debt, extending repayment periods up to 72 monthly instalments, expanding extrajudicial settlement mechanisms, and granting greater protection against property foreclosures. The reforms are expected to affect more than two million households that carry debts from the pandemic, the energy crisis or the “red‑loan” regime. Minister Piraakakis said, “The success of economic policy is measured by the number of citizens who feel they have regained control of their lives.”