Dividend tax

Greece's four systemic banks will distribute this year approximately 840 million euros in dividends, out of a total of €3.6 billion, which were the net profits of the previous year.

All incomes from a series of sources should be taxed in the same way, according to an action plan prepared by the committee of experts led by Nobel Laureate Sir Christopher Pissarides.

Prime Minister Kyriakos Mitsotakis said his government's first priority is to "end the unacceptable tax siege" of taxpayers and businesses.

Prime Minister Kyriakos Mitsotakis underlined the government's determination to lower the tax burden in Greece, telling a conference on the "The Future of Retail" organized by the Hellenic Confederation of Commerce and Entrepreneurship (ESEE) that his first priority will be to "end the unacceptable tax siege" on individuals and business especially.

As many as 16 changes are being introduced from January 1 in the taxation of all households, enterprises and property owners, mostly concerning reduction that will significantly alter the landscape for local taxpayers. They are the following:

The new tax bill submitted for public consultation on Thursday contains some very favorable provisions for corporations, which will see their taxes slashed by about 30 percent next year.

A reduction in business tax from 28 to 24 percent for 2019 and incentives to link large investments to a reduction in taxable foreign income are some of several incentives for investments are some of the measures the government is seeking to introduce in a new draft bill that was presented for public consultation late on Thursday.

Listed metals company MLS will begin distributing its annual dividend to shareholders on September 3.
Shareholders have approved a gross dividend of 0.02052 euros per share.
After the 10 percent tax, the net dividend will be 0.018468 euros per share.

The Finance Ministry will table its tax bill on Friday that will include changes to the 120-tranche debt repayment scheme, the reduction of the Single Property Tax (ENFIA) and the prompt application of the corporate tax reduction plus the reduction in the dividend tax.

Greek businesses will feel some of the tax burden lifted off their shoulders very soon, after Prime Minister Kyriakos Mitsotakis announced on Sunday that corporate tax will be reduced from 28 percent to 24 percent for this year and to 20 percent in 2020, but also that the dividend tax will be halved from 10 to 5 percent next year.