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

26 April 2021

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Proposed Changes

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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 respect of the 2021 tax year; An extension to 2022 of the 3% reduction in pension...