New incentive for investments considered

In a bid to bolster growth and cover the ground lost this year as soon as possible, the government is considering a second reduction to the corporate income tax deposit in 2021, as a bonus spurring enterprises to carry out investments next year.

A generous reduction of the tax deposit paid by corporations every year is among the first tax breaks the government is expected to implement, according to comments by Prime Minister Kyriakos Mitsotakis on May 20. Finance Minister Christos Staikouras went on to clarify that the reduction will concern companies who saw their turnover shrink above a certain level in March-May. That level is set to be determined next month.

A senior Finance Ministry source told Kathimerini that out of the pool of enterprises standing to benefit this year from the reduction of the tax deposit for 2021, those that carry out investments may also...

Continue reading on: