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Greek Prime Minister Pledges Corporate and Individual Tax Cuts Among Others

|Proposed Changes|Greece
Greece

On 6 September 2014, the Greek Prime Minister Antonis Samaras pledged a package of tax cuts as part of a plan to stimulate economic growth in Greece. The planned tax cuts include:

  • A gradual reduction of the corporate income tax rate from the current 25% to 15%
  • A gradual reduction of the individual income tax rate from the current top rate of 42% to 32%
  • VAT rate cuts for certain industries
  • A reduction of the solidarity tax rate on individuals
  • A reduction of real estate property tax, beginnin…

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