Dividend tax

Agenda consisting of the adoption of the financial statements for the past year and the decision on profit distribution.

Greece is cutting taxes on dividends by 33 percent, hoping to draw investors and provide some relief for companies, which have complained about overtaxation since Greece's debt crisis nearly a decade ago.

In just one year some 400,000 "guests" have vanished from the income tax declarations of Greek taxpayers; they used to be declared as "hosted individuals" staying rent-free in the homes of other taxpayers.

Single Property Tax, also known as ENFIA, will be significantly reduced for over 5.5 million property owners, according to an amendment tabled in Parliament by the Finance Ministry.

The reduction is estimated at 30 percent for real estate worth up to 60,000 euros.

Corporate taxation in Greece is burdensome and anti-competitive, the Hellenic Federation of Enterprises (SEV) says in a report published on Thursday, stressing that Greek taxes also fail to draw revenues above the average rate of other European countries that as a rule have lower corporate taxation.

Just days before it was set to expire at the end of 2017, the suspension period of the application of the provisions regarding the capital gains tax during the transfer of ownership rights of real estate was extended to end-2018.

Major opposition leader Kyriakos Mitsotakis said he envisioned a Greece with “true liberty, and genuine solidarity”, from Thessaloniki were he is scheduled to respond to the media at 1pm in the framework of the 82nd Thessaloniki International Fair (TIF).

The pace of growth and development in the Turkish economy and its foreign trade implications over the last decade, coupled with the deepening interconnectedness of markets across the globe and the interdependence of national economies - both those in geographical proximity to each other and those in distant continents - has brought topics related to direct and indirect foreign investment to the

Greek enterprises will have to pay taxes totaling more than 4.5 billion euros by the end of the year.

The New Year has brought several tax cuts in Romania benefiting consumers, small firms as well as those who receive dividends, according to local media reports.

A cut in standard Value Added Tax (VAT) rate to 20% from 24% as of 1 January 2016 will cost the state budget about RON 8 B (EUR 1.7 B) in revenue, according to romania-insider.com.