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Capital Gains Tax on Sales of Listed Shares Postponed Again
By virtue of a Law just voted by the Greek Parliament, not yet published in the Greek Government Gazette, capital gains tax on sales of listed shares is further postponed. Taxand Greece highlight in their latest tax alert the affect this will have on the capital gains tax should shares should they be acquired in a given period.
According to the relevant provisions, sales of shares listed on the Athex (as well as sales of shares listed on foreign stock exchanges made by Greek tax residents) will still be subject to sales tax as long as such shares have been acquired up to 30 June 2010. Capital gains tax at 10% shall apply on the gains arising from sales of shares listed on the Athex as well as on foreign stock exchanges as long as such shares have been acquired on or after 1 July 2010. It is to be noted that this is the third postponement of the relevant capital gains taxation to date.
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Download the full tax alert from Zepos & Yannopoulos, our Greek member, below: