Tax Updates: December 14th, 2022

Consistent with our commitment to provide updated information on current tax issues, we set down below the latest tax provisions introduced by virtue of recent laws and decisions.

In this edition (Download PDF , 0.29 MB)

• Law 5000/2022
  • Extension until 31/12/2024 of the possibility to be included in the VAT suspension regime for real estate
  • Extension until 30/6/2023 of the reduced and super-reduced VAT rates for certain goods and services
  • Amendments to article 5A ITC
  • Extension until 31/12/2024 of income tax reduction for building upgrade expenses under article 39B ITC
  • Extension until 31/12/2024 of the capital gains tax suspension on the transfer of immovable property
  • Amendments in relation to the maximum duration of the appointment of certified auditors/audit firms
  • Shipping Taxation Developments
• Other recent tax developments