- Date:august 2019
- Tags:tax, general informations
At a glance
Corporate Income Tax Rate (%) 28 (a)
Capital Gains Tax Rate (%) 28 (b)
Branch Tax Rate (%) 28
Withholding Tax (%)
Dividends 10 (c)
Bank Interest 15 (d)(e)
Interest on Treasury Bills and Corporate Bonds 15 (d)(e)
Repos and Reverse Repos 15 (d)(e)
Paid to Greek Legal Entities 15
Paid to Foreign Legal Entities 15 (e)(f)
Royalties from Patents, Know-how and similar payments 20 (e)(f)
Technical Service Fees, Management,Service Fees, Consulting Service Fees
and Fees for Similar Services 0/20 (g)
Net Operating Losses (Years)
(a) Under Law 4579 of 3 December 2018, business income realized by legal persons or legal entities in the 2019 fiscal year (1 January 2019 to31 December 2019) is taxable at a 28% rate (with the exception of credit institutions, which continue to be taxed at a 29% rate). It is expected that the corporate income tax rate will be further decreased to 27% for the 2020 fiscal year, 26% for the 2021 fiscal year and 25% for the 2022 fiscal year).
(b) For details regarding the taxation of capital gains derived by legal persons or legal entities, see Section B.
(c) The 10% withholding tax rate applies to dividends and interim dividends distributed by a Greek corporation (anonymos eteria, or AE; in certain countries, a corporation is referred to as a société anonyme, or SA) and profits distributed by a Greek limited liability company (eteria periorismenis efthinis, or EPE). This 10% withholding tax is subject to rates applicable under double tax treaties or under the European Union (EU) Parent-Subsidiary Directive (amended by Directive 2011/96/EC).
(d) This 15% withholding tax is subject to rates applicable under double tax treaties or under the EU Interest-Royalties Directive.
(e) This is a final tax if the beneficiary is a legal person (for example, a company)or legal entity that satisfies both of the following conditions:
• It does not have its tax residency in Greece.
• It does not maintain a permanent establishment for corporate income tax purposes in Greece.
(f) This 20% withholding tax is subject to rates applicable under double tax treaties or under the EU Interest-Royalties Directive. No tax is withheld on payments of royalties made to legal persons or legal entities that have their tax residence in Greece or that have a Greek permanent establishment in Greece
(g) No tax is withheld if the recipient has its tax residency in Greece or another EU/European Economic Area (EEA) country; otherwise, a 20% withholding tax applies.