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Transformative Tax Reform Delivers Immediate Relief For Citizens And Businesses

by THEFUTURE.TEAM

January 25, 2026

Introduction

The recent tax reform has been implemented with an unwavering focus on fairness and efficiency, immediately benefiting citizens, families, and businesses. With a sharp reduction in tax burdens and an increase in net disposable income, this policy shift reflects a modern, competitive, and human-centered approach to taxation.

Modernizing the Tax Framework

The government has introduced a streamlined and proportional tax system designed to match the evolving needs of society and the economy. Central to the reform is the significant increase in the tax-free income threshold to €22,000 for all, irrespective of family status. The new tax brackets now levy rates of 20% on incomes between €22,001 and €32,000, 25% between €32,001 and €42,000, 30% for incomes between €42,001 and €72,000, and 35% on incomes above €72,000, thereby easing the fiscal pressure on the middle class.

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Real-World Impact: Detailed Household Examples

Dual-Income Household With Mortgage and Photovoltaic Installations

A typical household with two working parents, two children (or students up to 24 years), a recent mortgage of €200,000, and an investment in solar panels, sees considerable savings through a combination of tax deductions. The recalculated figures illustrate how net tax liabilities dramatically drop from €4,400 to €1,000 – a benefit that translates to an increase in disposable income of €3,400.

Single-Parent Household With Two Children, Rental Expenses, and an Electric Vehicle

In the most favorable scenario for single-parent households, a single earner with two children, paying an annual rent of €7,000 and having acquired an electric vehicle, experiences a significant tax advantage. In this setup, tax deductions boost the net benefit by reducing the overall tax liability from €3,450 to €1,100, netting a gain of €2,350.

Individual Professional With Rental Expenses and an Electric Vehicle

The reform also supports single individuals. A single professional with a taxable income of €28,000, incurring rental expenses of up to €2,000 and having recently purchased an electric vehicle, benefits from deductions that lower the tax from €1,700 to €600 – effectively raising disposable income by €1,100.

Large Family With Five Children and Energy Upgrades

For larger families, particularly those with five children or students aged up to 24, the cascade of tax deductions is even more pronounced. In a scenario involving a dual-income household with a combined income of €125,000, a mortgage of €250,000, and recent energy upgrades, the array of deductions reduces the total tax liability from €23,770 to €17,777, thereby increasing household disposable income by €5,993.

Empowering Citizens Through Digital Tools

The essence of this tax reform—crafted after two decades of deliberation—is to return tangible benefits directly to the citizen, foster social cohesion, and lay the groundwork for sustainable, competitive economic growth. Citizens can immediately calculate their personalized benefit using the new digital tool available at Government Tax Reform.

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Bird Aviation Signs Long-Term EasyJet Maintenance Deal In Cyprus

Bird Aviation has signed a long-term agreement with easyJet to provide scheduled aircraft maintenance services at its Larnaca facilities, expanding the companies’ existing partnership and securing maintenance work in Cyprus for at least seven years.

Seven-Year Maintenance Agreement

The agreement runs for an initial seven years, with an option to extend for a further three years, Bird Aviation said.

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Under the contract, the company will operate two maintenance lines dedicated to scheduled heavy maintenance checks for easyJet’s Airbus A320 family aircraft. All work will be carried out at Bird Aviation’s facilities in Larnaca.

Expanding An Existing Partnership

Bird Aviation said the agreement builds on its long-standing relationship with easyJet and provides a long-term framework for heavy maintenance services. The company added that the contract strengthens the role of its Larnaca base in supporting easyJet’s fleet maintenance programme.

EasyJet Reports Lower Profit

The agreement comes as easyJet faces a more challenging operating environment. The airline recently reported that pre-tax profit fell 70% to £85 million in the April-to-June quarter, compared with £286 million a year earlier, largely because of a £105 million increase in fuel costs following renewed conflict in the Middle East.

The airline also said customers are booking flights closer to departure, affecting the timing of revenue. However, booking trends have improved during the peak summer season, although easyJet said the outlook remains dependent on late-season demand and fuel prices.

Takeover Bid And Industry Challenges

EasyJet is also the subject of competing takeover bids from two U.S. investment firms. The board initially accepted a £5.5 billion offer from Castlelake before recommending Apollo Global Management’s higher £5.7 billion proposal. Any transaction could face scrutiny under European Union airline ownership rules.

Meanwhile, Ryanair also reported weaker earnings, with quarterly profit falling 34% to €538 million after higher jet fuel costs during the Iran conflict. Despite the higher costs, both airlines said demand strengthened during the summer travel season.

“Pricing has been attractive, driving strong late booking demand for our flights and holidays,” easyJet chief executive Kenton Jarvis said.

“Our recent experience is that bookings become strong in the month of departure,” he said. “So I expect that as we move through August, bookings will be above where they were at this time last year.”