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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.
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2023 La ley fiscal griega quintuplica el número de jubilados que trabajan, hasta 182.700 para el 4 de julio de 2024, fomentando la participación en el mercado laboral y el crecimiento de los ingresos públicos.