Income tax cuts for the vast majority of Greece’s economically active or retired citizenry – wage-earners, self-employed professionals, pensioners and farmers – are reportedly the “main dish” on Prime Minister Kyriakos Mitsotakis’ “menu” for next month’s Thessaloniki International Fair (TIF).

The annual trade and exhibition event in the northern Greece metropolis traditionally serves as a “state-of-the-economy” or “state-of-the-nation” address by the head of government.

According to reports published in the “Vima” Sunday weekly, another relief measure envisioned a reduction in tax rates for income derived from property leasing.

The same press report states that the main tax cut will affect taxpayers declaring between 10,000 and 20,000 euros annually, as well as the raising of the tax-free income ceiling for individuals listing dependent children.

Currently, a tax rate of 9% applies to annual incomes up to 10,000 euros, a figure that is not expected to change. For incomes between 10,000 and 20,000 euros, a rate of 22% applies; for incomes between 20,000 and 30,000 euros, a rate of 28% applies. From there, for incomes between 30,000 to 40,000 euros, the rate rises to 36% and above that figure the maximum rate currently stands at a punishing 44%.