Greece Passes Legislation for Corporate Tax Rate Reduction, Real Estate Capital Gains Tax Suspension, and R&D Capital Investment Incentive

The Greek parliament has reportedly passed legislation that provides for a reduction in the corporate tax rate, the further suspension of capital gains tax on real estate, and the introduction of a new incentive for capital investment for research and development (R&D).

Corporate Tax Rate Reduction

The corporate tax rates are set as follows:

• 29% for the 2018 tax year (no change);
• 28% for the 2019 tax year;
• 27% for the 2020 tax year;
• 26% for the 2021 tax year; and
• 25% for the 2022 an…