Greece has published the tax reform amendments recently adopted by parliament as part of the conditions that have been set for the extension of Greece's bailout. The main changes are summarized as follows.
Corporate Tax
The corporate tax rate is increased from 26% to 29% for tax years beginning on or after 1 January 2015, and 100% advance payment of tax is now required (previously 80%).
Value Added Tax (VAT)
A number of changes are made regarding VAT, including:
- The super reduced VAT rat…