Greece Gazettes 2020 Tax Reform Law

The Greek Official Gazette Dec. 12 published the 2020 tax reform law. The law includes measures: 1) reducing the corporate income tax to 24 percent from 28 percent; 2) decreasing the dividend tax rate to 5 percent from 10 percent, effective Jan. 1, 2020; 3) reducing the lowest individual income tax rate to 9 percent and updating the tax brackets and thresholds; 4) introducing the alternative flat-rate income tax for certain nonresidents transferring tax residency to Greece; 5) simplifying the tax residency rules; 6) introducing tax deductions for online payments to combat tax evasion and promote transparency; 7) amending the ...