The Deputy Minister of National Economy and Finance George Kotsiras, speaking today at the annual conference of BrainReGain, in a panel on: “Modern Hellenism is shaping the Greece of the Future.”
Mr. Kotsiras stressed that tax reduction is a “structural policy choice” of the government of Kyriakos Mitsotakis in recent years and referred in particular to the recent tax reform, with emphasis on young people and families with children, tax incentives to promote research and innovation and the special tax treatment for those returning from abroad.
More specifically, Greeks returning to the country after five years abroad have a 50% reduction in income tax for the next seven years.
In fact, as Mr. Kotsiras, this tax incentive has “recently been enriched” and extended to those employed in the public sector. He explained that it is “an easy process” that “is done digitally, with one application through the AADE” and added that in the area of reducing the bureaucracy of the tax administration, “huge progress has been made.”
“Greeks abroad can now have a smooth transaction with the Greek State and the Greek tax administration in a much faster, transparent and simple way,” he said.
At the same time, the Deputy Minister of Economy and Finance highlighted the importance of fiscal stability and the creation of a better investment environment as critical factors for the creation of job opportunities and the attraction of Greeks abroad.
He highlighted the large increase in investment over the past seven years and the emphasis on high value-added investment.
Finally, Mr. Kotsiras stressed that 2030 is “a very important turning point for our country” to maintain its economic stability and credibility abroad in order to remain a safe and attractive investment destination.
