Category: Tax News

December 6, 2024

Taxation of portfolio income in Greece

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

November 29, 2024

Tax incentives for Holding Companies in Greece

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

November 22, 2024

Taxation on Royalties – The Greek case

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...

Economic and Tax news / Tax News

October 25, 2024

Gift and Inheritance Taxation in Greece

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

October 18, 2024

The new landscape of short-term rental in Greece

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...

Economic and Tax news / Tax News

September 30, 2024

Tax treatment of real estate income from USA

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...