Among other measures, the draft provides for the retirement age increase from 55 years for men and 50 for women to 67 for both genders.
Income from real estate up to 12,000 euros ($13,630), currently taxed by 11 percent, is proposed to be taxed by 15 percent while annual income of over 12,000 euros are to be taxed by 35 percent instead of the current 33.
In July, Greece agreed to strict austerity measures after marathon bailout talks with 18 other eurozone nations and international creditors in exchange for a bailout package worth 86 billion euros.
On Monday, Eurogroup President Jeroen Dijsselbloem said that the implementation of Greek reforms depended on how soon money lenders can recapitalize cash-strapped Greek banks and negotiate the restructuring of Greece’s large national debt.
