Under the plan, the tax on unleaded fuel would rise 7.8% in 2018. While the tax on unleaded fuel is to jump 24%.
Likewise the tax on diesel fuel would rise by 11% and that on liquid petroleum by 12%.
While the tax on cigarettes would grow 5.5% but wine and beer might be taxed 18% and 24% more starting March 2018.
A tax shake-up by the Finance Ministry proposes to reform labor taxes, introducing a personal income tax at 20% for income of up to €45,000 a year, and a tax rate of 23% on income above €45,000 a year.
The minimum wage should be raised to €430 a month, and the solidarity tax on high earners should be abolished.
The ministry proposes to apply 20% corporate tax on distributed profit.
The ministry explains that if at the moment a person receives €910.50 a month as a gross wage, it ends up as €641.30 as a net wage, while after the proposed labor tax reform, the net wage would amount to €680.90.
The Finance Ministry has proposed changes in capital tax, setting a 20% income tax on distributed profit, and 0% tax on reinvested profit.
The value added tax (VAT) would remain at 21%.
The ministry has also prepared proposals in relation to microenterprise tax. The ministry proposes to retain the microenterprise tax system, reducing the maximum turnover from the current €100,000 to €40,000 a year.