OrbitaxGreece Passes Legislation Amending Effective Date of Increased Dividends Tax, Increasing the VAT Rate, and Making Several other Changes
|Approved Changes|Greece
On 22 May 2016, the Greek parliament adopted legislation that includes a number of changes concerning income tax and value added tax. The changes are generally required as part of Greece's bailout agreement. Main changes include:
- The recently adopted increase in the dividends withholding tax rate from 10% to 15% will apply from 1 January 2017 instead of 1 January 2016;
- The increase of the VAT …
