Effective from tax year 2024
Law 5178/2025 (Government Gazette Α' 22/14.02.2025) changes the basis for calculation of the maximum amount of contributions and insurance premiums that can be paid by employers and employees to professional insurance funds (TEA) and group insurance pension plans, to the sum of total gross remuneration from employment plus all benefits in kind that are included in the taxable income from employment, effective from tax year 2024.
The law also extends the annual €1500 tax exemption available to employees to contributions and insurance premiums paid for the medical coverage of the employee's spouse and children, effective from tax year 2024.
Read the February 2025 report prepared by the KPMG member firm in Greece