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Greek Parliament Considering State Budget for 2020 Including Tax Rate Cuts

|Proposed Changes|Greece
Greece

The Greek Parliament is currently considering the draft State Budget for 2020, which was submitted on 7 October 2019 and includes the planned tax measures announced earlier by Prime Minister Kyriakos Mitsotakis. This includes:

  • a reduction in the corporate tax rate from 28% to 24%;
  • a reduction in the dividends withholding tax rate from 10% to 5%;
  • the introduction of a 9% individual income tax bracket for income up to EUR 10,000;
  • the suspension of capital gains tax on the transfer of real pro…

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