Greek Parliament Considering State Budget for 2020 Including Tax Rate Cuts

The Greek Parliament is currently considering the draft State Budget for 2020, which was submitted on 7 October 2019 and includes the planned tax measures announced earlier by Prime Minister Kyriakos Mitsotakis. This includes:

• a reduction in the corporate tax rate from 28% to 24%;
• a reduction in the dividends withholding tax rate from 10% to 5%;
• the introduction of a 9% individual income tax bracket for income up to EUR 10,000;
• the suspension of capital gains tax on the transfer of real pro…