How is income from business activity taxed?

According to art. 29 of the K.F.E. (L.4172/2013), profits from business activity are taxed according to the scale below, after being added to any income from wages and pensions.

The reductions applied to employees and pensioners do not apply to profits from business activity. In the event that income is obtained from individual business activity, which is covered by the OGA insurance, together with income from agricultural activity, the reduction of the tax provided for wages and pensions is calculated, but only on the income obtained from agricultural activity.Image

If, together with the aforementioned incomes, income from salaried work or pensions is obtained, the tax reduction will be the one that corresponds to the part of the income that comes from salaried work and pensions, as well as agricultural activity.

We should also note that for natural persons with a first declaration of starting a business from January 1, 2013 and for the first three (3) years of their activity, the tax rate of the first step of the scale below is reduced by fifty percent (50% ), as long as their annual gross income from business activity does not exceed ten thousand (10,000) euros.