Increase in taxation on corporate executive bonuses in Greece
Published
The Greek government has announced a significant change in tax policy concerning businesses. Specifically, it plans to triple the tax imposed on bonuses based on company profits, raising the rate to 15%.
This measure targets the additional monetary amounts received by executives, board members, and employees in certain companies when the business shows profitability. Until now, the tax on these benefits was significantly lower.
With this move, the state seeks to increase public revenue and balance the tax burden between salaried employees and high-ranking executives. The decision is part of a broader effort to reform the country's tax system.
Market representatives are closely monitoring developments, as this change is expected to affect the way large companies reward their staff. Details regarding the implementation of the new law are expected to be clarified in the coming period.
Sources: Dnews
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