Greece: VAT suspension on real estate extended to December 31, 2026

Tax provisions in new Law 5246/2025

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November 21, 2025

The option for building constructors to select value added tax (VAT) suspension on unsold properties is extended to December 31, 2026 (from of December 31, 2025). Moreover, VAT suspension already granted and currently in force until December 31, 2025, is also extended to December 31, 2026. 

Other significant tax provisions in new Law 5246/2025, Tax Reform for Demographics and the Middle Class - Support Measures for Society and the Economy, which only affect individuals, include the following:

  • Reduction of individual (personal) income tax (effective from tax year 2026)
  • Reform of the tax scale for real estate income (effective for income earned as of January 1, 2026)
  • Extension of incentives for electronic payments
  • Reduction of minimum imputed expenses for residences, cars, and boats, and abolition of minimum imputed expenses for dependent children (effective from tax year 2025)
  • Expansion of the tax exemption incentive for long-term rental income (effective for rentals concluded as of November 11, 2025)

Read a November 2025 report prepared by the KPMG member firm in Greece

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