On 28 August 2008, the government released a draft tax law, the main points of which are as follows:
| - | a 10% withholding tax will apply to distributed profits from Greek corporations. Distributions falling within the scope of the Parent–Subsidiary Directive will be exempt. The 10% withholding will be a final tax for the shareholder. In a multi-tier holding, the withholding tax will be credited against further upstream distributions. The new tax wi… |