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Greece Publishes Law for Corporate Tax Reduction and Other Measures

21 May 2021

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Approved Changes

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Greece

Greece has published Law 4799/2021 in the Official Gazette, which contains several measures, including the corporate tax reduction and other support measures announced by the Prime Minister in April. These include: A permanent reduction in advance tax payments for business activity of individual entrepreneurs (natural persons) from 100% to 55% as of 2021; A permanent reduction in advance tax payments for companies (legal entities) from 100% to 80% as of 2022 (based on 2021 return), with a temporary reduction to 70% as of 2021 (based on 2020 return), although a 100% basis is maintained for domestic banks and branches of...