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Greece Issue Circular on Advance Tax Payment Reduction

|Approved Changes|Greece
Greece

The Greek Public Revenue Authority (AADE) has published Circular E. 2132 of 11 August 2020, which clarifies the reduction in advance tax payments provided in response to the COVID-19 pandemic. As previously reported, Greece has provided a reduction in advance tax payments as follows based on the decrease in turnover in the first half of 2020 as compared to the first half of 2019:

  • Turnover decrease of 5% to 15%: advance tax payment reduced by 30%
  • Turnover decrease of 15.1% to 25%: advance ta…

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