Greece Reduces Taxes for Internet Companies and Self-employed Persons

The Greek authorities are preparing a pleasant innovation for a number of categories of the working population. In particular, it is planned to adopt a bill according to which tax rates will be reduced in 2020. In particular, the innovations will affect the Internet business, the self-employed population, wage workers and working pensioners.

The government intends to reduce the tax rate on personal income to 9%. In 2019, it is 22%. The norm will be applied to employees and self-employed persons who receive no more than 10 thousand euros. The bill should become a part of the New Democracy program, which should reduce the tax burden on businesses and households.

For freelancers, there is other good news in terms of taxation. In particular, self-employed persons will be able to get a discount of up to 177 euros, with the declaration of annual income from 8 626 to 20 000 euros. This rule will be applied to taxpayers who have no children.

Law&Trust offers its services to entrepreneurs and legal entities doing business in Greece. The company’s lawyers will advise you on the new taxation rules and help you conduct tax optimization so that you pay taxes at a favorable rate.