A drop by 5 percent, in the pre-payment of corporate taxes – for the current fiscal year – is foreseen in the draft 2020 budget, which has been delivered to and posted by the EU Commission, naftemporiki.gr reports.
Based on the reports, the independent public revenues authority will re-calculate corporate and business tax returns to include the foreseen 5-percent reduction.
The measure is budgeted at €138 million and will have a “one-off” implementation.
Meanwhile, the draft budget includes a target of a 1.4% general government budget surplus (as a percentage of GDP) for 2019; and 1% for 2020.
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