author_orbitax
Orbitax

Share This Article

Greek Parliament Considering Legislation for Corporate Tax Reduction and Other Measures to Support the Economy

19 May 2021

|

Proposed Changes

|

Greece

The Greek parliament is currently considering draft legislation for the corporate tax reduction and other support measures announced by the Prime Minister in April. As previously reported, these measures 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...