Tax base to drop to levels last seen in early 2000s

Tax base to drop to levels last seen in early 2000s

The sum of the declared incomes of Greece’s 8.9 million taxpayers is expected to fall even below 72-73 billion euros this year, which is probably the lowest level since the country entered the eurozone and also means a reduction in state revenues.

The figures echo those recorded before the Athens Olympic Games in 2004, which means that the tax base – at least in terms of individuals – will be at levels similar to 15-17 years ago.

The drop in income is attributed to the adverse impact on taxpayers of the pandemic, which compounded the preceding 10-year economic crisis.

​​​​​​The declared income compared to that in 2010-11 (revenues from 2009-10) will drop from 104 billion euros to €72-73 billion – a loss of around €31-33 billion. Getting back to the €100-billion level is one of the central goals of economic policy through 2025.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.