Overview

The Minister of Finance, Makis Keravnos, confirmed that the legislative drafts for the upcoming tax reform are nearing completion. Currently under review by the Legal Service, these bills are expected to be finalized in the coming days. In a statement delivered on Wednesday, the Minister emphasized that the framework underpinning the reform remains consistent even as specific provisions continue to be refined.

Meaningful Engagement With Stakeholders

During an afternoon meeting with the Commissioner of Taxation and representatives from the General Secretariat of the Social Dialogue (SEK), additional proposals for the reform were presented. Both sides engaged in a productive dialogue, with the Minister noting, “We exchanged a range of forward-thinking ideas that are critical to enhancing the final product.” This interaction underlined the commitment to developing a balanced fiscal framework that incorporates diverse perspectives.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Enhancing Social Equity Through Fiscal Measures

The discussions also highlighted the importance of addressing tax evasion and providing support to vulnerable segments of the workforce. Notably, it was pointed out that nearly one in two employees may not immediately benefit from the reform. As a result, the government is evaluating measures to create reciprocal benefits and improve the overall social equity of the tax system. Moreover, the integration of complementary initiatives, such as reforms to the pension system, is expected to further secure societal interests while ensuring fiscal responsibility.

Moving Forward With Adaptability

The Minister reassured that adjustments will be made as necessary up to the last moment, a common practice in budgetary and legislative processes. He underscored that while the fundamental philosophy of the tax reform remains unchanged, specific elements can and will be modified in response to ongoing consultations and new insights.

Conclusion

As the legislative proposals continue to evolve within the Legal Service, the government remains committed to a transparent and inclusive process that supports both fiscal efficiency and social justice. The Minister and senior officials reiterated their openness to further discussions and looked forward to a final version that holistically addresses the challenges of modern taxation and social policy.