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Greece Approves Legislation Amending Individual Income Tax, Solidarity Tax and Dividends Tax

|Approved Changes|Greece
Greece

On 8 May 2016, the Greek parliament approved legislation that includes increases to individual income tax rates, special solidarity tax rates and dividends withholding tax rates. The changes include:

  • The individual income tax rates are increased overall with a top rate of 45%, and an additional middle income bracket is added;
  • The solidarity tax rates that apply for individual income are increased overall with a top rate of 10%, and the threshold for the top rate is reduced;
  • The dividends wit…

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