Category: Tax Articles

No tax return for many retirees from 2016

The Ministry of Finance is planning to exempt pensioners from the obligation to submit an income tax return, if they do not receive income from other sources. This practice is expected to be effective from...

Reduced VAT on repair and maintenance expenditure

VAT is an indirect tax imposed on the final consumer of goods or recipient of services. In this short article, we will try to examine the VAT charged on the repair and maintenance cost of...

Non Greek citizens TAX

Many people moved to Greece for employment purposes or for relaxation after their retirement. However, all these people know very little about Greek tax framework and the liabilities that emerge due to their living in...

Attractive tax breaks for foreign investors

The new Income Tax Code, recently submitted to Greek parliament for further discussion and voting, constitutes an important step towards the establishment of a simpler and fairer tax scheme. It is expected the provisions of...

NEW TAX SCHEME FOR GREEK PROPERTIES

Minister of Finance proposal for the taxation of property was presented to coalition government’s members. The Minister of Finance, G. Stournaras, presented to representatives of the three parties supporting the government, a new type of...

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