Taxation and Investment in Greece 2020

In Greece in 2020, taxation primarily included income taxes, value-added tax (VAT), and taxes on property and consumption. Residents and businesses paid income tax based on earnings, with rates increasing for higher incomes. VAT was applied to goods and services, influencing prices. The government also levied property taxes and customs duties. Investment opportunities were supported through various incentives, but economic challenges and COVID-19 impacted growth, prompting reforms aimed at attracting foreign investment. Overall, Greece's tax system aimed to balance revenue needs with efforts to stimulate economic recovery and investment.