Greek PM – Reduction of up to 50% in the repayment of all Repayable Advances

The Greek Prime Minister, Kyriakos Mitsotakis, announced the reduction of up to 50% of the repayment of all Repayable Advances , depending on the reduction of the turnover.

Enhancing entrepreneurship in order to create new jobs remains our main priority, said the Prime Minister, Kyriakos Mitsotakis, from the podium of the Thessaloniki International Fair.

And, today, it is framed by a new package of measures for liquidity, business growth and the promotion of green and digital investments.

The Prime Minister also added: “From 1/1/2021, the tax on parental benefits and donations up to 800,000 euros will be abolished. This is something that is going to be a thing of the past. The solidarity levy exemption will also apply to the private sector in 2022, as will the 3% reduction in insurance contributions. In businesses, the tax falls to 22% and even on a permanent basis. The capital accumulation tax is immediately reduced by half. We are introducing discounts for the Green capital. Small and medium enterprises that are merged from now on will be taxed at only 15.5%”.

The Greek Prime Minister also announced an extension of the 13% reduced VAT rate on tourism and transport, as in force this year, and said there would be an extension of the measure to gyms and dance schools.

He also added that the Bridge program will be extended for 3 months, as well as the SYN-Ergasia program.

“We will present our comprehensive plan for ENFIA during the debate on the budget. Most households will pay in 2022 less ENFIA than in 2021”, he added.