Economy · Greece

Greece ranks highest in labor taxes, receives praise for digital reforms

3 sourcesFirst reported 9 days agoUpdated 9 days ago

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Greece has been identified as having the highest tax burden on labor among EU countries, according to a recent European Commission report.
The report highlights Greece's commitment to tax justice through progressive tax policies aimed at reducing burdens on employment.
It also acknowledges the advancements made in digital reforms by the Independent Authority for Public Revenue (AADE).
Specific improvements mentioned include initiatives like myDATA, electronic invoicing, and enhanced taxpayer compliance processes.
The report indicates a significant reliance of taxpayers on accountants for navigating these tax complexities.

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According to a recent European Commission report, Greece has been identified as having the highest tax burden on labor among all European Union countries. The report highlights that the tax obligations on employee wages significantly exceed those imposed on capital, creating concerns about fairness in the country's tax policies. The Hellenic Statistical Authority (ΕΛΑΣ) has also pointed out that this disparity calls for a progressive tax strategy aimed at alleviating the fiscal pressure on labor, thus enhancing the disposable income of workers.

In addition to its findings on labor taxation, the Commission's report commended Greece for its advancements in digital reforms, particularly those implemented by the Independent Authority for Public Revenue (ΑΑΔΕ). It recognized the effectiveness of initiatives like myDATA and electronic invoicing, which have streamlined tax compliance processes. However, the report noted that taxpayers are increasingly reliant on accountants, which may raise concerns about the overall cost of compliance. These elements suggest a complex landscape where Greece grapples with high labor taxes while making strides in digital efficiency in tax administration.

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Greece ranks highest in labor taxes, receives praise for digital reforms

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