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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