Greece

Corporate - Significant developments

Last reviewed - 30 June 2020

On 12 December 2019, the new tax bill, which introduces several amendments to the Income Tax Code (ITC) and other legislation, was published on the Government Gazette. Among its provisions, the most significant are the following:

  • The reduction of the corporate income tax (CIT) rate to 24% from fiscal year 2019 onwards.
  • The reduction of dividend withholding tax (WHT) from 10% to 5% as of 1 January 2020.
  • The introduction of a participation exemption for capital gains from the sale of Greek and European Union (EU) subsidiaries as of 1 July 2020.