The New Law 4799/2021 (Government Gazette A '78 / 18-05-2021) brings new important tax measures for companies in order to deal with the consequences of the coronavirus pandemic COVID-19. Our experts have collected and translated the most important tax measures and are summarized below.

Article 110. Extension of the measure of the exemption from the full payment of the rent of professional leases

The measure of exemption from the lease of professional lease for companies for which special and extraordinary measures have been taken for suspension or temporary ban of operation for precautionary or repressive reasons related to the coronavirus COVID-19 or which are financially affected due to the spread of coronavirus COVID-19 and belong to specific business sectors is extended for the month of May. The affected companies are identified by sector and per month by decision of the Minister of Finance, following a recommendation of the Governor of the Independent Public Revenue Authority (A.A.D.E.)

Article 119. Reduction of the advance payment of income tax from business activity of legal persons and legal entities

For the financial year 2021, the amount of the advance payment of income tax of legal entities and entities that is certified is set at 80%. Especially for domestic banking corporations and branches of foreign banks operating legally in Greece, the deposit rate is set at 100%.

Especially for the financial year 2020, the amount of the advance payment of income tax of legal persons and entities that is certified is set at 70%.

Article 120. Reduction of the income tax rate of legal persons and legal entities

Profits from business activity generated by legal entities and legal entities that keep double-entry books, with the exception of credit institutions falling under circumstance b) of this paragraph, as well as the obligors of circumstance β΄, γ΄, δ΄, ε΄, στ΄ and ζ΄ of article 45 that keep simple-entry books, are taxed at a rate of twenty four percent (24%) for the incomes of the financial years 2019 and 2020. For the incomes of the financial year 2021 and henceforth the rate of the previous paragraph is reduced to twenty-two percent (22%).

The credit institutions of circumstance 1 of par. 1 of article 3 of law 4261/2014, are taxed at a rate of twenty-nine percent (29%) provided that they have been included for the tax years that are subject to the special provisions of article 27A.