2025 Brings Tax Reforms and New Measures Against Evasion

2025 Brings Tax Reforms and New Measures Against Evasion

Business

The year 2025 marks a turning point for the nation's tax landscape, with significant reforms aimed at increasing citizens' disposable income. Meanwhile, the Independent Authority for Public Revenue (AADE) intensifies its fight against tax evasion using advanced technologies and innovative tools, CE Report quotes Athens-Macedonian

The government's dual strategy focuses on reducing taxes and supporting incomes, particularly for the middle class, a group disproportionately burdened by high taxes and living costs. This year is seen as pivotal, laying the groundwork for potential long-term tax cuts.

AADE's enhanced efforts to detect and combat tax evasion, coupled with measures to boost income, play a critical role in achieving these objectives and ensuring sustainable economic growth.

Tags

Related articles

Parliamentary Committee Rejects VAT Amendments on Bread, Flour, and Medication
The Parliamentary Committee on Budget and Finance has rejected proposed amendments to the VAT Act, submitted by BSP - United Left Co-Floor Leader Atanas Zapryanov and other MPs, which aimed to maintain a 0% VAT rate on bread and flour until the end of 2025. The proposal garnered 9 votes in favor, with no opposition but 11 abstentions.
Greek Finance Ministry Outlines Key 2025 Goals
Economy and Finance Minister Kostis Hatzidakis shared his ministry's key priorities for 2025 in a TikTok post on Tuesday, under the title, "In 2025, we are implementing our five key commitments."
Energocom Ensures Full Electricity Supply for January 7 Despite Reduced Demand
Energocom announced that the electricity demand for January 7, which is expected to be 17% lower due to old-style Christmas celebrations, will be fully met.
Romania Fully Joins Schengen Area, Boosting Economy and Exports
Romania's full integration into the Schengen area, effective January 1, 2025, marks a historic milestone that promises significant economic benefits.
Bulgarian Government Plans Measures on Electricity and Tourism Development
The caretaker government of Bulgaria has announced plans to review contracts with electricity distribution companies, enhance control over them, and assess the national electricity transmission system.
Türkiye's Exports Reach Record High of $262 Billion in 2024
Türkiye achieved a record $262 billion in exports in 2024, marking a 2.5% annual increase, President Recep Tayyip Erdogan announced.
Bread Prices Surge Across Bulgaria Following VAT Increase
Bread prices have risen sharply across Bulgaria after the reintroduction of the standard 20% value-added tax (VAT) on bread and flour on January 1, 2025.

Most read

Press Releases

Features

Parliamentary Committee Rejects VAT Amendments on Bread, Flour, and Medication
The Parliamentary Committee on Budget and Finance has rejected proposed amendments to the VAT Act, submitted by BSP - United Left Co-Floor Leader Atanas Zapryanov and other MPs, which aimed to maintain a 0% VAT rate on bread and flour until the end of 2025. The proposal garnered 9 votes in favor, with no opposition but 11 abstentions.