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Greece Parliament Considers 2020 Budget Bill

Oct. 9, 2019, 6:52 PM

The Greek Parliament Oct. 7 accepted for consideration the 2020 budget bill, which includes measures to: 1) reduce corporate income tax to 24 percent from 28 percent as of 2019; 2) reduce dividend tax to 5 percent from 10 percent for 2020 distributions; 3) suspend VAT and real estate taxes on new buildings for three years; 4) allow partial credits for energy efficient building renovations; 5) reduce insurance contributions for full-time employees; and 6) reduce the lowest individual income tax rate to 9 percent. [Greece, Parliament, 10/07/19]

Reference:
View Budget Bill. View Legislative History.

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