Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

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4. Results: Answers
Corporate Tax
Trends and predictions
How would you describe the current tax landscape and prevailing trends in your jurisdiction? Are any new developments anticipated in the next 12 months, including any proposed legislative reforms?

Answer ... During the global financial crisis, Greece entered into recession and its fiscal policies were tightened. In recent years, thanks to the implementation of growth-restructuring policies, the economy has returned to growth and a budgetary surplus has been achieved. In response to these events, the overall tax burden has begun to be gradually reduced. The Income Tax Code has already been amended to provide for the gradual decrease of the corporate income tax rate from 29% (for 2018) to 25% (for 2022 onwards). Also, beginning from 2019, the taxation of dividends has been reduced from 15% to 10%. In the following 12 months, further relaxation is anticipated.

For more information about this answer please contact: Xenofon Papayiannis from KLC Law
Corporate Tax