Greece: Tax provisions in new law
Law 5073/2023
Law 5073/2023
Recently issued Law 5073/2023 (FEK A’ 204/11.12.2023) includes the following tax provisions:
- Reduced rates for capital concentration tax and sales tax for listed shares
- Purchase of real estate using exclusively bank means of payment
- Full implementation of electronic books (myDATA)
- Penalties for cash payments over €500
- Extension of the period of eligibility for the electronic invoicing (e-invoicing) incentives
- Taxation of personal businesses and freelancers
- Reduction of entrepreneurial duty by 50%
- Determination of minimum imputed net income
- Transfer of losses
- Arrangements for short-term lease of real estate
- Other regulations for real estate
- Climate crisis resilience duty
- Deduction of building renovation costs from personal income tax
- Other regulations
- Extension of reduced and super-reduced VAT rates
- Special excise duty (EFK)
Read a January 2024 report [PDF 190 KB] prepared by the KPMG member firm in Greece
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