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Greece Issue Circular on Advance Tax Payment Reduction

14 August 2020

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Approved Changes

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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 tax payment reduced by 50% Turnover decrease of 25.1% to 35%: advance tax payment reduced by 70%...