The corporate income tax rate on the profits of a business year increased from 2015 onwards to 29% from 26% (Par. 4, Article 1 of Law 4334/2015). This concerns the profit of legal persons (SA, Ltd).

Also the corporate income tax payable in advance for the following financial year rose to 100% of the tax payable on the profits of each financial year instead of 80% which applied until recently.

Indeed, the increase shall apply to the results of the financial statements for the year 2014. The retroactive charges are expected in the next period of time through the local tax offices (case a, paragraph. 5, article 1 of Law. 4334/2015).

NOTE: This article does not cover advisory, but only informational purposes, and cannot serve, as a basis for further actions, on the part of   the reader. Reception of specialized advice is required.

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