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Greece Planning to Provide Corporate Tax Reduction and Other Measures to Support Economy

|Proposed Changes|Greece
Greece

Greek Prime Minister Kyriakos Mitsotakis has issued a release announcing five planned tax measures meant to aid in the rejuvenation of the Greek economy. These include:

  • A permanent reduction in advance tax payments for individual entrepreneurs from 100% to 55% as of 2021;
  • A permanent reduction in advance tax payments for companies from 100% to 80% as of 2022, with a temporary reduction to 70% as of 2021;
  • A permanent reduction in the corporate tax rate from 24% to 22% starting in 2022 in res…

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