The new “omnibus law” ratified by the Greek Parliament on 22 May 2016 introduces a set of rules aiming to increase tax revenues and meet budgetary targets, in the context of Greece’s obligations towards its creditors under the country’s third bail-out program. Taxand Greece summarises the new tax rules that have been adopted.
Income taxation:
Real estate taxation:
VAT, customs and other indirect taxes:
Discover more: Recent tax developments in Greece
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Taxpayers in Greece should familiarise themselves with these updates to ensure they remain compliant.