Greece

Capital market Greece: Modernised with EU-aligned reforms - ECOVIS International
Greece

Capital market Greece: Modernised with EU-aligned reforms

The Hellenic Parliament has approved a new bill introduced by the Hellenic Capital Market Commission (HCMC). It brings substantial regulatory updates in line with European Union (EU) directives and international best international practices. The Ecovis consultants know what changes are being made to strengthen the capital market and what companies need to consider.
ESG reporting Greece: Stricter requirements under the new law - ECOVIS International
Greece

ESG reporting Greece: Stricter requirements under the new law

Greece is tightening the requirements for corporate sustainability reporting. In future, the obligation will also apply to small and medium-sized companies and companies from third countries listed in Greece. The Ecovis experts explain the future regulations for ESG reporting.
The new digital transaction levy in Greece: What businesses need to know - ECOVIS International
Greece

The new digital transaction levy in Greece: What businesses need to know

From 1 December 2024, a new tax on digital transactions will apply in Greece. It replaces the traditional stamp duty. More than 600 types of transactions will now be exempt from stamp duty. The Ecovis experts explain the details of the new law and what businesses need to know.
Connecting and Collaborating: The 2024 EMEA Partner Meeting - ECOVIS International
Greece

Connecting and Collaborating: The 2024 EMEA Partner Meeting

The 11th Ecovis Partner Meeting for the EMEA region (Europe, the Middle East, and Africa) brought together colleagues from around the globe in the iconic city of Athens.
Minimum wage Greece and other new developments in labour relations - ECOVIS International
Greece

Minimum wage Greece and other new developments in labour relations

Greece has introduced new regulations concerning employment relationships, some of which have already come into force or will come into force later this year. The measures include setting the minimum wage for 2024 and the introduction of a digital work card. The labour lawyers at Ecovis know what companies must prepare for. Setting the minimum […]
Greece

Igniting Growth: A Successful Networking Day for Young ECOVIS Professionals in Athens

Young professionals from ECOVIS International came together for a unique opportunity to personally connect with members of our Management and Supervisory Board. The engaging workshops on Vision 2030 ignited thoughtful discussions about the future and individual career growth.
Short-term leases (Airbnb) Greece: Athens amends regulations - ECOVIS International
Greece

Short-term leases (Airbnb) Greece: Athens amends regulations

In line with other European countries, the regulations for short-term letting in Greece are becoming more rigorous. For example, the definition of short-term leases has been changed, and an activity number has also been introduced. The Ecovis experts know the details.
Capital gains tax Greece: Introduction of deferral for individuals and the contribution of shares - ECOVIS International
Greece

Capital gains tax Greece: Introduction of deferral for individuals and the contribution of shares

The recently enacted Law No. 5024/2023 is anticipated to offer a strong incentive for the establishment of holding companies in Greece. The law provides for a deferral of capital gains tax on securities transactions which meet certain conditions. At the same time, it also amends certain previously applicable VAT regulations. The new law came into […]
Transfer pricing Greece and other amendments to the Greek tax legal framework - ECOVIS International
Greece

Transfer pricing Greece and other amendments to the Greek tax legal framework

The Greek government is to introduce several changes to the tax framework. This includes, for example, relief from double taxation for intercompany transactions subject to transfer pricing rules or the enforcement of stamp duty obligation. The Ecovis experts explain the details of the tax changes.
Double taxation agreement Greece: New tax treaty with France - ECOVIS International
Greece

Double taxation agreement Greece: New tax treaty with France

On 11 May 2022, France and Greece signed a new tax treaty. If both countries complete the ratification process before 31 December 2022, the new agreement will apply from 1 January 2023. The double taxation treaty with Greece replaces the original tax treaty signed in 1963. The Ecovis experts know the details.
Investment incentives in Greece: benefits for many industries - ECOVIS International
Greece

Investment incentives in Greece: benefits for many industries

Greece is aiming to promote investment projects and boost the economy with incentives such as tax exemptions or subsidies for personnel costs. The funded measures include, for example, digitalisation projects, investments in sustainable tourism or company environmental and climate protection projects.
Digital Nomads in Greece: Work Independently with Benefits and Privileges - ECOVIS International
Greece

Digital Nomads in Greece: Work Independently with Benefits and Privileges

Greece is seen as an attractive destination for digital nomads. This is particularly due to the benefits and privileges, such as lower income tax, provided for in law L. 4825/2021 passed by the Greek parliament. However, there are some bureaucratic hurdles to overcome for digital nomads wishing to work in Greece.
Greece Income Tax: New Amendments to the Greek Tax Framework - ECOVIS International
Greece

Greece Income Tax: New Amendments to the Greek Tax Framework

The Greek Parliament has passed a draft law (L. 4799/2021) amending the country’s tax law. With this, the legislator is significantly reducing the corporate tax rate and income tax prepayments and, from 2022, the solidarity contribution for certain types of income.
Tax Relief for Family Offices in Greece - ECOVIS International
Greece

Tax Relief for Family Offices in Greece

Greece introduced a new business tool for the management of cash flow and family property assets in February 2021. It is regulated in the “family offices” law.
Greece Income Tax Rate – Alternative Tax Resident Regimes - ECOVIS International
Greece

Greece Income Tax Rate – Alternative Tax Resident Regimes

Greece has modernised its tax residence rules for high-net-worth individuals. Internationally experienced self-employed and employees who return to Greece should be able to plan their tax costs better.
New Government Measures Against COVID-19 and its Consequences in Greece - ECOVIS International
Greece

New Government Measures Against COVID-19 and its Consequences in Greece

On Saturday 7 November 2020, the Greek Government announced a three-week national lockdown after a sharp increase in the COVID-19 infection rate. Employment and tax measures have been implemented to cushion the financial impact on companies.
Tax Relief Measures for Businesses in Greece to Combat the COVID-19 Crisis - ECOVIS International
Greece

Tax Relief Measures for Businesses in Greece to Combat the COVID-19 Crisis

On 18 July 2020, the Greek parliament passed the new law no. 4706/2020. In addition to other provisions, this law also contains regulations on the payment of income tax and the uniform real estate property tax. Moreover, law 4706/2020 also contains provisions on how to pay unpaid debts due. The measures will support companies and […]
Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Greece, Poland, Estonia, Saudi Arabia, Morocco - ECOVIS International
Greece

Corona-Pandemic: Immediate Taxation, Legal Measures and Financial Aid in Greece, Poland, Estonia, Saudi Arabia, Morocco

The outbreak of COVID-19 is a disaster for many businesses. Countries around the world are working at full speed to provide assistance. In Poland, for example, “zero zones” have been created, with strict control measures. More and more governments are introducing new measures to limit the damage to their economies.
Greek Tax Reform and Tax Reduction - ECOVIS International
Greece

Greek Tax Reform and Tax Reduction

The Greek parliament passed an extensive tax package (L. 4646/2019) on 6 December 2019. The tax relief for private households, property owners and companies should clear the way for more investment. The tax cuts are also intended to bring foreign taxpayers with high net assets into the country.
Greece: International Tax, Audit, Accounting and Legal News - ECOVIS International
Greece

Greece: International Tax, Audit, Accounting and Legal News

New law for strategic investments in Greece. Read more in our newsletter…
Greece introduces CbC to counter BEPS - ECOVIS International
Greece

Greece introduces CbC to counter BEPS

Law 4484/2017: Implementation in domestic legislation of EU Directive 2016/881 concerning mandatory automatic exchange of information by Country by Country Reporting (CbC) This publication in the Official Government Gazette Α’ 110/01.08.2017, Law 4484/2017, which inter alia provides new transfer pricing documentation requirements, introduces the provisions of EU Directive 2016/881 on mandatory automatic exchange of information […]
International Tax, Audit, Accounting and Legal Newsletter Greece - ECOVIS International
Greece

International Tax, Audit, Accounting and Legal Newsletter Greece

Amendments & Simplification of companies’ establishment procedures introduced by Law 4441/2016 and Tax Amendments introduced by Law 4438/2016
Greece: New tax law provisions implemented due to the enactment of laws 4387/2016 and 4389/2016. - ECOVIS International
Greece

Greece: New tax law provisions implemented due to the enactment of laws 4387/2016 and 4389/2016.

International Tax, Audit, Accounting and Legal News June 2016 The enactment of laws 4387/2016 and 4389/2016 introduced significant changes to individual and corporate income taxation in Greece. The most important changes introduced can be summarized as follows: 1. Uniform tax rates for income from employment, pensions and business activity The article 15 of Income Tax […]
Greece: New VAT reates apply as of 1st June 2016 - ECOVIS International
Greece

Greece: New VAT reates apply as of 1st June 2016

A new circular under the number 1061/2016 has been published in relation to the increase of VAT rate from 23% to 24% and the elimination of reduced rates in a second group of Greek islands.
Greece: Newsletter April 2016 - ECOVIS International
Greece

Greece: Newsletter April 2016

Law 4378/2016 incorporated into the domestic legislation the provisions of Council Directives 2014/86/EU and 2015/121/EU regarding the conditions for exemption from taxation on intra-group dividends, by adding extra conditions regarding the exemption from taxation on intra-group dividends.
Ecovis strengthens its presence in Greece - ECOVIS International
Greece

Ecovis strengthens its presence in Greece

In addition to our existing partners from ECOVIS Hellas we welcome our new partners from ECOVIS VNT AUDITING SA. ECOVIS VNT AUDITING SA is headquartered in Athens and its history dates back until 1978. George Varthalitis is President and Managing Director of ECOVIS VNT AUDITING SA. Mr Varthalitis is supported by another five directors in […]
New partner firms in Australia and Greece: Ecovis is now represented on all five continents - ECOVIS International
Greece

New partner firms in Australia and Greece: Ecovis is now represented on all five continents

In the beginning of July Australian accounting firm Clark Jacobs joined Ecovis. The global consulting firm with its origins in Continental Europe is thus represented on the fifth continent, too. Ecovis also welcomes a new partner firm in Greece: ENEL SA has changed its name to ECOVIS Hellas SA. Ecovis now operates offices in 55 […]
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