Entities of a similar legal nature will be assessed at an increased rate of 100% (as applicable for corporations). The new rate applies for profits arising in fiscal years starting from January 1 2016, whereas reduced rates of 55% and 75% apply for fiscal years 2014 and 2015, respectively.
The above new rates apply also to individuals earning business income.
Discover more: Advance payment of corporate income tax
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Multinationals with operations in Greece should familiarise themselves with this information and make any changes necessary to their business to remain compliant.