Greeks See Earliest «Tax Freedom Day» in 14 Years as Burden Eases

Greeks are moving six less days to wage their taxes this year, with the country’s symbolic "Tax Freedom Day" falling connected June 25, the earliest it has been successful 14 years, according to a caller survey by the Center for Liberal Studies (KEFiM).

The yearly study from the Athens-based deliberation vessel calculates that the mean national volition enactment for 175 days successful 2025 to wage their nonstop and indirect taxes and societal information contributions earlier they commencement earning for themselves. 

The milestone, a intimately watched indicator of the wide taxation burden, reflects a humble but symbolically important motion of alleviation for taxpayers aft years of fiscal hardship.

The betterment brings Greece successful enactment with the European Union mean and is simply a important displacement from 2024, erstwhile the day fell six days later.

However, the study besides highlights that the state’s taxation revenues are consistently and dramatically outperforming fund projections, fueling a statement astir whether determination is country for deeper taxation cuts. In 2024, income taxation revenues are acceptable to overshoot their people by astir 12%, portion firm taxation collections are connected way to transcend projections by implicit 17%.

“The simplification successful taxation load is invited quality for households and businesses,” said Nikos Rompapas, KEFiM’s General Director. “But the accordant overperformance of authorities revenues shows there’s inactive country for further taxation cuts to enactment stronger economical growth.”

The survey besides notes Greece's continued dense reliance connected indirect taxes similar VAT, which critics reason disproportionately affects lower-income groups and consumption. 

While the wide taxation load has lightened, the operation of the taxation strategy remains a cardinal contented successful the country’s ongoing statement astir however to champion promote sustainable economical growth.