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Greece Sets Conditions for Advance Tax Payment Reduction

09 July 2020

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Approved Changes

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Greece

The Greek Ministry of Finance has announced additional COVID-19 relief measures for July to September 2020, including the conditions for the previously announced reduction in advance tax payments. The conditions and the amount of payment reduction are 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% Turnover decrease greater than 35%:...