Greece Introduces More Tax and Social Security Contribution Cuts

Greece to reduce tax rates for businesses to 22% from 24% from 2022, according to statement by PM Kyriakos Mitsotakis.

• Greece to permanently reduce tax downpayments for business owners to 55% from 100% starting this year; downpayments for businesses and legal entities to also be reduced permanently to 80% from 100% starting 2022
• Measures, agreed with institutions, to cost EU900m for 2021, plus EU200m per year from 2022 and on: Finance Minster Christos Staikouras
• Government to also reduce social security contribution for private sector employees by 3 percentage points, and extend annulment of solidarity levy to 2022; total cost ...