On 12 September 2019, the Prime Minister has made an announcement of their confirmation to introduce tax rate cuts and other planned tax measures at the opening of the annual International Trade Fair of Thessaloniki. According to plan, corporate tax rate will be reduced from 28% to 24%; dividend withholding tax rate will be reduced from 10% to 5%. This also includes a new income tax rate of 9% from 22% for individual having income up to EUR 10,000. The president said that the government would gradually reduce social security contributions by 5% point up to 2023 for those in full-time employment. As part of the incentives to boost the property sector, he promised to scrap value added tax (VAT) on new construction for three years and capital gains tax on property sales. These changes are to be presented in Greek parliament in October 2019 and will be applicable as of 2020.
Uruguay ratifies BEPS multilateral instrument
Related Posts
OECD publishes transfer pricing profiles for eight countries
The OECD has published the revised transfer pricing country profiles, including profiles for Bosnia and Herzegovina, Brazil, Costa Rica, Croatia, Greece, Iceland, Korea (Rep.), and Norway on 22 January 2026. These profiles focus on countries'
Read More
Greece: AADE introduces special VAT regime for non-established EU businesses
Greece’s Independent Authority for Public Revenue (AADE) has issued a decision establishing the framework for a special VAT regime for businesses based in other European Union (EU) Member States. The regime allows non-established enterprises to
Read More Greece: AADE extends VAT reductions to small Aegean, Dodecanese Islands
Greece’s Independent Authority for Public Revenue (AADE) has announced, in Circular E.2113/2025, that from 1 January 2026, reduced VAT rates will apply to islands in the North Aegean, the Evros Regional Unit (Samothraki), and the Dodecanese with
Read More
Greece: Parliament passes 2026 budget, includes PIT reliefs
The Greek Parliament passed the 2026 budget on 16 December 2025. It now awaits to be published in the Official Gazette and will take effect from 1 January 2026. The budget introduces a broad package of tax reforms aimed at easing household costs
Read More Greece extends deadline for second-category ship tax declarations
Greece’s Independent Authority for Public Revenue (AADE), in a press release on 16 December 2025, announced that the deadline for submitting second-category ship tax declarations under Law 27/1975 for the 2024 tax year has been extended to 25
Read More
Greece enacts law introducing strategic investment incentives, 100% deduction for defence
Greece has passed Law 5246/2025, “Tax Reform for Demographics and the Middle Class – Support Measures for Society and the Economy”, following parliamentary approval on 7 November 2025. The law introduces broad tax reforms, including
Read More