Greece to Cut Corporate and Dividend Tax Rates, Imerisia Reports

Greece’s Finance Ministry plans to introduce a single tax rate of 20 percent on company earnings, replacing rates that range as high as 45 percent today, Imerisia reported, without citing anyone.

When economic conditions allow, the tax will be further reduced to 15 percent, while the tax rate companies pay on dividends they distribute will be cut to 20 percent, or even 15 percent, from the current 25 percent, the newspaper said.

To contact the reporter on this story: Paul Tugwell in Athens at ptugwell1@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net