On Tuesday, January 25, 2011, the bill on “Bolstering of Private Investments for Economic Growth, Entrepreneurship and Regional Sustainability” (New Investment Incentive Law) was adopted by the Greek Parliament. The main points of the new law are outlined below.
Moreover, we would like to inform you that on Wednesday, January 26, 2011 a new draft tax bill was posted on the internet for public consultation until Tuesday, February 1, 2011. The said draft bill, which may enact significant changes in areas such as corporate income taxation (reduction of corporate income tax rate to 20%, withholding tax on dividends), reorganisation of tax administration and of procedures, is still being developed. Once the new arrangements have been finalised, we will inform you accordingly.).
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