Economic and Financial news / Economic and Tax news / Tax News
by Taxeu · Published December 16, 2024
New tax reliefs and changes in compliance procedure were voted for by the Greek Parliament on 05.12.2024. The new measures relieve property owners and are expected to increase the supply of properties on the market....
The Greek tax system offers an attractive framework for passive income, featured by exemptions and flat tax rates, rather than progressive tax brackets commonly found in other European countries. This fact allows financial planning and...
Economic and Financial news / Economic and Tax news / Tax News
by Taxeu · Published November 29, 2024
Introduction Generally, holding companies are companies that own shares (either majority or minority) in other companies primarily for investment purposes. In addition to shares of other companies, holding companies can also own real estate, royalties,...
Economic and Financial news / Economic and Tax news / Tax News
by Taxeu · Published November 22, 2024
Introduction Greece has always adopted a very broad interpretation of what it considers as royalties, compared to the more restrictive definitions outlined in the OECD Guidelines. Greece’s expansive interpretation is clearly reflected in its application...
Introduction Thanks to the new tax incentive schemes, such as 5B and 5C, many people relocate to Greece to pass their lifetime. The transfer of their assets to descendants is a crucial matter and requires...
Economic and Financial news / Tax News
by Taxeu · Published October 18, 2024 · Last modified October 25, 2024
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...
TAX HIGHLIGHTS
#Greece
Corporate Tax: 22%
Dividend Tax: 5%
VAT: 6% | 13% | 24%
Interest: 15%
Royalties: 20%
Capital Gains: 15%
#UK
Corporate Tax: 19-25%
Dividend Tax: 0% for non-residents
VAT: 0% | 5% | 20%
Interest: usual income tax rates for residents
Royalties: 0% withholding tax
Capital Gains: usual income tax rates for residents, 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%
