2023 Greek tax law increases working pensioners fivefold, up to 182,700 by July 4, 2024, encouraging labor market participation and public revenue growth.

Greece's new tax law has led to a fivefold increase in pensioners continuing to work, with 182,700 registered as of July 4, 2024, compared to 36,000 under the old system. The law, 5078/2023, allows pensioners to work while receiving their pension and has a monthly withholding fee paid into EFKA. The aim is to boost the labor market, increase public revenue, and reduce undeclared work by pensioners.

July 06, 2024
3 Articles

Further Reading