Greece Planning to Provide Corporate Tax Reduction and Other Measures to Support Economy

Greek Prime Minister Kyriakos Mitsotakis has issued a release announcing five planned tax measures meant to aid in the rejuvenation of the Greek economy. These 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 res…