Reduced tax rates for Corporate Income
Corporate Income Tax
Regarding legal entities mentioned to para. 1, 2 art. 101 L. 2238/1994 (Income Tax Code), meaning domestic S.A. companies, domestic limited companies and foreign companies with any legal form, non profitable organizations, foundations etc., the profit taxation is designated by the following rates: For the tax year 2011 the rate is 23%, for the tax year 2012 the rate is 22%, for the tax year 2013 the rate is 21%, for the tax year 2014 the rate is 20%.
The decrease of the corporate tax rate to 20% is considered to be an incentive to encourage enterprises to remain in Greece, as well as to encourage new investment.
We are also awaiting for the new tax provisions, which probably will provide for a 15% tax on Corporate Income.
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