Greece: VAT and real estate transfer tax measures

Various tax law changes were included in legislation that was enacted in late December 2021

VAT and real estate transfer tax measures

Legislation enacted in late December 2021 (Law 4876/2021) includes various tax law changes.

Regarding income tax, the legislation includes a provision allowing for increased deductibility of advertisement expenses for tax year 2022, among other measures.

Regarding indirect tax, the legislation includes the following provisions.

  • Value added tax (VAT)—Reduced VAT rates apply at 6% on certain health-related goods and 13% on art objects, collections or antiquities.
  • Real estate transfer tax—Transfers of real estate pursuant to contracts concluded in January 2022 (between 1 January 2022 and 31 January 2022) for the sale, donation or gift by parents to children of real estate are considered to have taken place on 31 December 2021 for tax calculation purposes.
  • Donation tax—An exemption from the donation tax for certain donations received by non-profitable legal entities is extended through 30 June 2022.

Read a January 2022 report [PDF 219 KB] prepared by the KPMG member firm in Greece


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