Prime Minister Kyriakos Mitsotakis announced five tax reductions and insurance reliefs for employees and companies during a teleconference meeting on the restart of the Greek economy.
Among other things, the tax cuts include a reduction in the tax advance for all natural persons who are in business, to 55%, while the special solidarity contribution to the private sector is suspended for 2022.
In total, Mitsotakis announced five tax and insurance reliefs for employees and companies after a meeting to restart the Greek economy.
Mitsotakis' new reliefs in detail:
- The tax advance from 100% to 55% is reduced from this year and on a permanent basis - for all natural persons who do business.
- The tax advance is reduced on a permanent basis for legal entities and legal entities from 100% to 80% from '22. Especially for this year it is still reduced to 70%.
- The tax rate of all legal entities and all legal entities is reduced on a permanent basis from 2022, ie for the tax year of '21, from 24% to 22%.
- The reduction by 3 percentage points of the insurance contributions of private sector employees for 2022 is extended.
- The suspension of the special solidarity contribution in the private sector is extended for 2022.
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