On 12 December 2019, the President announced that Law 4646/2019 was published in Government Gazette.
Corporate tax
According to Law, as from 1 January 2020, corporate tax rate will be reduced from 28% to 24% for all legal entities for the fiscal year 2019 and thereafter.
Dividend withholding tax
Under the Law, dividend withholding tax rate will be reduced from 10% to 5% as from 1st January 2020.
Personal tax
A new income tax rate for natural persons is introduced in accordance with the Law. It has the following form:
| Income (Wages, Pensions, Business Activity) in Euro | Tax Rate (%) |
| Up to 10,000 | 9% |
| 10.001-20.000 | 22% |
| 20.001-30.000 | 28% |
| 30.001-40.000 | 36% |
| More than 40.000 | 44% |
Participation exemption for capital gains
In accordance with the Law, as from 1 July 2020, capital gains derived by a Greek resident corporation from the separation of qualified participation will be exempted from corporate tax rate.
