Introduction Law 5073/2023 and circular 2024/2024 introduced a structural change in the short-term rental activity in Greece, aiming to ensure fair market conditions between real estate owners and the tourism industry. This new framework that...
Introduction It is well known that the Greek community in the US became larger during the deep recession in Greece. Many people moved to the US to make their living and make wealth. Nowadays, the...
Economic and Financial news / Economic and Tax news / Tax Articles
by Taxeu · Published September 20, 2024
Introduction The Greek government has introduced a legal framework via L.4778/2021 (as in force) to integrate Family Offices into the Greek business landscape. In a nutshell, Family Offices (FO) are Special Purpose Vehicles (SPVs), incorporated...
At a glance Establishment of a private equity/ venture capital fund through A.K.E.S (Closed-End Venture Capital Mutual Fund) framework Minimum Assets at €3,000,000 Not a legal entity Tax-transparent for Greek and foreign unitholders Many funds...
A. Conditions for inclusion in the regime Individuals who transfer their tax residence to Greece may opt for alternative taxation of foreign-sourced income, provided that they fulfill the following conditions cumulatively: a) he/ she was...
Greece among other countries, introduced the Digital Nomad Visa for foreigners who wish to work remotely from Greece (L. 4825/2021, Government Gazette A’ 157/4.9.2021). However, there are so many questions raised regarding the existing tax incentives that apply in the Digital Nomads cases.
Greece has made significant steps, becoming one of the first countries to transform into a digital innovation destination, introducing a new law attracting “digital nomads”
#Greece
Corporate Tax: 28% -> 24% (from 01/01/19)
Dividend Tax: 15% -> 5% (from 1/1/2020) – 10% (from 1/01/2019 to 31/12/2019)
VAT: 6% | 13% | 24%
Interest: 15%
Royalties: 20%
Capital Gains: 15%
#UK
Corporate Tax: 19%
Dividend Tax: 0% for non-residents
VAT: 0% | 5% | 20%
Interest: usual income tax rates for residends
Royalties: 0% withholding tax
Capital Gains: usual income tax rates for residends, 0% for non-residents
#Malta
Corporate Tax: 35% (refund applicable to non-residents)
Dividend Tax: 0%
VAT: 0% | 5% | 7% | 18%
Interest: 0% for non-residents
Royalties: 0% for non-residents
Capital Gains: 0% to 8%
Economic and Financial news / Tax News
The new landscape of short-term rental in Greece
October 18, 2024
Economic and Financial news / Economic and Tax news / Tax Articles
Establishment of a Family Office in Greece
September 20, 2024
