Glossary · Προκαταβολή φόρου
Tax prepayment
At a glance
The tax prepayment is 55% of the tax on your profits, paid with the tax on your return as an advance on the next year. The first time you declare profits, it is half that.
Salaries and pensions carry no prepayment. Tax already withheld on your invoices comes off the prepayment.
The following year, the tax office takes the prepayment off your tax.
Legal basis: Article 69 of the Income Tax Code (άρθρο 69 ΚΦΕ).