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The good news, the Greek government will implement tax reduction measures from 1st January
The Greek government, which has been committed to reducing taxes and stimulating the economy, it will implement 16 tax reform policies from 1st January,2020.
Tax reform measures for Greek individuals, families and businesses include:
1. The first tax level is the personal income tax rate for taxpayers with an annual income of less than 10,000 euros was reduced from 22% to 9% ; In addition, the income tax rate for all tax levels were reduced by 1% ;
2. The company's business profit tax has been reduced from the current 28% to 24%, and profits in 2019 will be taxed in 2020;
3. Tax on dividends for fiscal year 2019 reduced from 10% to 5%;
4. Suspension of 24% value-added tax on new property transfers for 3 years, which applies to buildings issued with permits by the end of 2022;
5. Suspension of capital gains tax on real estate transactions for 3 years until the end of 2022;
6. VAT on basic baby products were reduced from 24% to 13%;
7. Adopting new debt service standard for those in arrears with national debts, allowing debt repayment in installments of 24 or 48 months;
8. Exemption from capital gains tax on transfer transactions for companies registered in Greece;
9. Exempt corporate tax on listed companies and solidarity tax on bonds;
10. Encourage individuals who invest at least € 500,000 in Greece to transfer their tax residence;
Greece residence permit program
Advantages
1. The property can be inherited by family members.
2. There is no business background and language requirements*.
3. A family of three generations can apply together.
4. No stay requirements*.
5. Visa-free access in 183 countries including the Schengen countries and the US *.
6. High-quality European education resources.
7. Excellent quality of life and higher welfare.
8. Top level of medical care security.
Requirements
1、Non-criminal record;
2、50,000 euros bank statement ;
WZ&P：Grace
WZ&P— leader in residence and citizenship planning
Please contact us for more details
E-mail: grace.w@wz-p.com
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