Cash flow boost for business | eKathimerini.com

Contributing sentiments towards policy:

62% : According to data from the National Economy and Finance Ministry, the tax advance generates around 3.6 billion euros annually for the budget, while the business tax imposed on businesses, amounting to €1,000, generates €240 million.
56% : Although the practice of tax advance payment is not a Greek peculiarity, the amount and operation of the advance payment in this country differ significantly compared to other countries in the European Union.
56% : Tax advance payments are applied in almost all member-states, but with a different philosophy.
53% : Currently, Greek businesses are required to pay a tax advance of 80% of the income tax resulting from the previous year's profits, while a reduced rate is provided for newly established businesses (50% for the first three years).
51% : A tax advance reduction would create a revenue gap for only a year and be covered the next The government is planning measures to bolster the liquidity of small and medium-sized enterprises, with the reduction of the tax advance rate and the abolition of the business tax on the table.
51% : This is paid alongside income tax, binding significant resources and limiting liquidity, especially for small and medium-sized businesses.
42% : The income tax advance is one of the most controversial pillars of corporate taxation in Greece, with the discussion of its possible reduction from 2026 dynamically returning to the forefront, as almost all businesses are calling for a reduction in the rate.
33% : A tax advance reduction will essentially create a revenue gap for only one year, which will be covered the next, while the abolition of the business tax will be a permanent measure, with losses reaching €240 million.

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