New Greek Government Plans to End Austerity Including Corporate and Other Tax Rate Cuts

Greece's new Prime Minister Kyriakos Mitsotakis has announced that the government plans to introduce the following tax changes:

• a reduction in the corporate tax rate from 28% to 24%;
• a reduction in the dividends withholding tax rate from 10% to 5%;
• a reduction in the standard 24% rate to 22% and a reduction in the reduced 13% VAT rate to 11%, as well as a suspension of VAT in the building sector; and
• a reduction in the first individual income tax bracket rate from 22% to 9%.

The changes ar…