China News Service, July 7th, according to the European Union quoted the Greek Europa News Agency reported on the 7th, recently, in view of the impact of the new crown epidemic on various industries, the Greek government announced a number of preferential measures to support the real economy.

  According to reports, according to the relevant measures, Greece’s corporate tax payment deposits will be reduced by about 60% on average in 2020. It is also expected that nearly four-fifths of Greek companies will be exempt from corporate income tax in 2020 on the grounds that these companies will suffer losses in fiscal year 2019, or they will show zero net profit in their 2020 tax returns.

  In addition, the Greek government has also greatly reduced the tax deposits of enterprises. Only companies that closed in the first half of the year, have losses of less than 5%, or have increased profits cannot enjoy the preferential policy of lowering the tax deposits. This move is equivalent to sending about 1.5 billion euros in cash for Greek companies. It is expected that the above-mentioned changes to corporate tax payment guarantees will be legislated in the coming weeks.

  The report pointed out that the number of Greek companies is about 255,000, and about 85,000, or one-third of the companies, have made profits and need to pay tax deposits. Other companies that are not profitable, in addition to reducing corporate tax due to lower tax rates, will also pay 30% to 100% less than the original plan. (Li Chen)