New Framework for Fines and Penalties Regarding Registration with Commercial Registry (GEMI)

Joint Ministerial Decision 46982/2025 introduces a clearly defined framework of administrative penalties for violations related to the General Commercial Registry (GEMI), pursuant to Article 50 of Law 4919/2022. These penalties directly concern Société Anonyme (S.A.), Limited Liability Companies (Ltd.), Private Companies (P.C.), and foreign companies with branches in Greece, provided they fail to comply with their registration and publicity obligations under GEMI.

ESG Reporting Requirements in Greece

The newly enacted Law 5164/2024 constitutes Greece’s national transposition of Directive 2022/2464 of the European Union, reinforcing the regulatory requirements for corporate sustainability disclosures. By broadening the scope of transparency obligations, the legislation extends reporting requirements to a greater number of entities, particularly small and medium-sized listed enterprises, as well as third-country entities operating within the Greek market.

Tax exemption for benefits and allowances provided by businesses to employees.

Income Enhancement Measures, Tax Incentives for Business Innovation and Transformation and Other Provisions: You will find the briefing of new provisions of the new Law 5162/2024 (Government Gazette No. 198/5/12/2024) as well as their enactment time.

New Tax Provisions Law 5162/2024

Income Enhancement Measures, Tax Incentives for Business Innovation and Transformation and Other Provisions: You will find the briefing of new provisions of the new Law 5162/2024 (Government Gazette No. 198/5/12/2024) as well as their enactment time.

New Tax Bill: income exemptions and incentives for innovative businesses

Following the recent announcements by Prime Minister at the recent TIF (Thessaloniki International Fair), the  Ministry’s press office announced the new measures of the tax bill being passed which aim, among other things, to ease
the income of citizens and to strengthen small, medium and innovative businesses.

Cyber Security Compliance and Consulting Services

We are happy to announce our cooperation with TKBi, a top consulting company that offers ISO certification services and GDPR compliance solutions. Through this collaboration, we will be able to provide a wider range of vital services that are intended to assist companies in improving their overall compliance with international standards, operational effectiveness, and data protection.

Replacement of Stamp Duty Burden with a new Digital Transaction Levy: What Businesses Need to Know

As of November 30th, stamp duty burden, a rather anachronistic piece of transactional tax-imposed back in 1931, will be abolished in many significant transactions, such as gratuitous loans, insurance transactions, capital increases for non-profit entities and statutory interest for loans, cash facilitations, and advances.

Newsletter Payroll July 2024

You will find below the new issue of our Newsletter (July 2024).

• Raise of the daily minimum wage and the statutory minimum wage
• Greece’s new marriage legislation recognizes and protects same-sex couples
• rotection against discrimination
• Changes to Paternity Leave

Newsletter May 2024

This issue addresses the Greek Ministry of Labour and Social Security updates on the Digital Employment Card System, the ERGANI II online platform and the data reported on that Platform from the Executive employee.

Newsletter March 2024

You will find below the new issue of our Newsletter (March 2024).

• Summary – The Upcoming Legislation on Greek Jurisdiction.
• Uniform Real Estate Property Tax (ENFIA) reduction
• Jurisdictions with preferential tax regime – list update
• Reduced rates for Capital Concentration Tax
• Establishing whether a staff member falls within the category of the managerial staff member

Newsletter November 2023

You will find below the new issue of our Newsletter (November 2023).

• Summary – The Upcoming legislation on Tax avoidance.
• A rigorous tax system for self-employed
• Real Estate Transfers: an optimization of the procedure
• Accumulated Tax and Stock exchange transactions tax reduction
• EU-directive imposing obligations on overseas branches

Newsletter September 2023

You will find below the new issue of our Newsletter (September 2023).

• Summary – Key points from the latest tax evasion measures
• Digitalization of Real Estate Contracts payments
• Short-term leasing (Airbnb)
• Other tax incentives for financing activities and stock exchange transactions

Newsletter August 2023

You will find below the new issue of our Newsletter (August 2023).

Some of the key highlights are summarized as follows:

• Highlights of the upcoming Labor Bill.
• Imported goods VAT Exemptions.
• ICT: Recent Economic Policies and measurements under consideration.

Newsletter June 2023

During the months of May and June, Greece experienced two national election rounds, capturing the attention of the public and dominating the news. Nevertheless, several significant developments took place during this period that impacted businesses, individuals, and real estate matters. Some of the most noteworthy ones are as follows: [su_accordion][su_spoiler title=”The adoption of Regulation (EU) […]

Newsletter May 2023

The month of April had some interesting developments in store for tax matters in Greece, involving various issues. From newly introduced changes to the tax treatment of dividends for ship brokering and other shipping entities, to recently released guidance on the taxation of capital gains from the alienation of real estate properties located in Greece […]

Newly released guidance on the taxation of capital gains from the alienation of real estate properties located in Greece held by individuals

The Independent Authority for Public Revenues has recently issued guidance (Circ. E.2031/2023) regarding the taxation of capital gains resulting from the sale of real estate properties in Greece owned by individuals, whether they are local or foreign taxpayers. According to the Greek Income Tax Code (L. 4172/13), as a general rule, individuals are subject to […]

Newsletter April 2023

A number of developments took place in March concerning tax, social contributions and general financial and real estate matters in Greece. Although the main highlight was arguably the announcement of a 9.4% increase in the minimum wage, which took effect on 1 April 2023, several other changes are also worth noting, particularly those introduced by […]

Greece introduces deferral of capital gains tax on certain securities transactions

A deferral of capital gains tax on certain securities transactions in Greece is now provided by newly enacted Law No. 5024/2023 Anticipated to offer a strong incentive for the establishment of holding companies in Greece, a deferral of capital gains tax on certain securities transactions will now apply by virtue of recently enacted Law No. […]

Upcoming changes to the Greek Golden Visa Programme

The Greek Golden Visa, which was launched in 2013, is essentially a residence-by-investment programme that enables non-EU nationals and their family members to obtain residence permits in Greece, with several other attractive benefits. According to data published by the Ministry of Migration and Asylum, a total of 9,610 main applicants received their Golden Visa in […]

Tax residence in Greece

Greece is an amazing country to live and invest in – and several special tax provisions that were put in place in recent years may make it possible for several categories of individuals to do this, in the most financially attractive way. Greek legislation has introduced several noteworthy tax incentives for the transfer of tax […]

Important update – new minimum wage increase in Greece is announced

Greece has a government-mandated minimum wage, calculated on the basis of 40 hours a week. An announcement made by the Prime Minister on 17 March, confirmed that the upcoming increase in the minimum wage that will take effect on 1 April will be 9.4%, as opposed to 5.5%, which was the prevailing scenario. This comes […]

Newsletter March 2023

During the first two months of 2023, several significant changes were introduced concerning employment matters in Greece, affecting key areas concerning businesses, as well as self-employed individuals and freelancers. Some of the key developments that took place were the following: Adjustment of the new maximum limits of insurable earnings and the amounts corresponding to the […]

Adjustment of the new maximum limits of insurable earnings and the amounts corresponding to the respective insurance classes, effective 1 January 2023

In accordance with Ministerial Decision No. 30/01/2023, the insurance classes of self-employed individuals and freelancers are now determined as follows: Pursuant to the provisions of Art. 97(3) of No. Law 4387/2016, the amounts of the insurance classes for the payment of the monthly supplementary insurance contribution for self-employed persons, freelancers, and self-employed lawyers and engineers […]

Adjustment, as of 1 January 2023, of the new limits of daily salaries and imputed daily wages under the applicable insurance classes

The below represent the new limits of daily salaries and imputed daily wages under the applicable insurance classes of the e-EFKA, determined on the basis of the e-EFKA pension increase rate of 7.75% (Joint  inisterial Decision No. 126331/28.12.2022 Κ.Υ.Α. – Official Government Gazette 6949 Β7), which also came into force on the same date. Accordingly, […]

Working time organization – Leaves

As of 12 January 2023, all companies/employers that have completed the registration process towards the digital  organization of the working time of their employees, who have a dependent employment relationship, may register their  leaves in the new digital environment of the ERGANI II system. Indeed, they can do so retrospectively and until the end  of […]

Calculation of the insurance days of members of Boards of Directors

Circular No. 40/2022 of e-EFKA provides notification of the provisions of Article 34 of Law No. 4670/2020 replacing those  of Article 38 of Law No. 4387/2016, as it was in force. More specifically, as regards the insurance of the members of the  Board of Directors of Public Limited Companies and Agricultural Cooperatives, the way of […]

Estimated increase in the minimum wage

In accordance with Article 39 of Law No. 5013/2023 (Official Government Gazette A’ 2/19-01-2023) on “Multi-level  governance, risk management in the public sector and other provisions”, the deadlines for the submission of all the  procedures for the increase in the minimum wage (written invitation on the part of the Coordination Committee of the  public consultation, […]

Newsletter Ecovis Info (July 2021)

New provisions introduced into the Greek Vat legislation incorporating the provisions of EU Council Directives 2017/2455, 2019/1995 and 2018/1910 aiming at the facilitation of e-cross border transactions and reducing burdens and administrative costs for e-commerce enterprises. New guidance issuedby the tax authorities regarding the facilitation of tax residence tranfer for inverstor´relatives subject to the alternate […]

Greece Income Tax Rate – Alternative Tax Resident Regimes

Greece has modernised its tax residence rules for high-net-worth individuals. Internationally experienced self-employed and employees who return to Greece should be able to plan their tax costs better.

New Government Measures Against COVID-19 and its Consequences in Greece

On Saturday 7 November 2020, the Greek Government announced a three-week national lockdown after a sharp increase in the COVID-19 infection rate. Employment and tax measures have been implemented to cushion the financial impact on companies.

Ecovis Info (September 2020)

Table of Contents New legal and tax framework for the reinforcement of the development procedure of the Greek economy. A. Law 4714/2020 Establishment of Out-of-Court Tax Dispute Resolution Committee (Article 16) New tax Dispute resolution mechanisms (Articles 21-48) Mandatory reporting of information on reportable cross-border arrangements (MDR-mandatory disclosure regime”) and deferral of deadlines for such […]

Newsletter – Law 4706/2020

On 18th July 2020, the Greek Parliament has voted for and issued the new L. 4706/2020 which includes beyond other provisions, those referred to the supporting measures regarding the payment of the Income Tax and the Unified Real Estate Property Tax and also the one referring to the settlement of unpaid due debts to support […]

Ecovis Info (December 2019)

Table of Contents NEW TAX BILL (L.4646/2019) Greece Tax Reformation and Tax Reduction A. Corporate Income Taxation B. Individual Income Taxation

International Tax, Audit, Accounting and Legal News (June 2019)

Table of Contents LAW 4608/2019 “STRATEGIC INVESTMENTS” General Characteristic of the Strategic Investments Categories of S.I.s S.I.I. S.I.2. S.I.2. Industrial sector Organized receptors of handcraft and business activities Emblematic Investments By distinguished legal entities of international reputation In the industrial sector Fast track licensed S.I.s. S.I.s. by default Submission for the application and documentation of […]

International Tax, Audit, Accounting and Legal News (March 2019)

Table of Contents E-registration platforms for vessels Hellenic Cadastre A.D.R & F.I.D Content

International Tax, Audit, Accounting and Legal News (Novermber 2018)

Table of Contents Law 4557/2018 for the “Prevention of the use of the financial system for the purposes of money laundering or terrorist financing” Law 4548/2018 for the reforms in the Société Anonyme  

International Tax, Audit, Accounting and Legal News (June 2018)

Table of Contents Law 4541/2018 for the “Amendment of Corporate Law 3190/1955 on Limited Liability Companies and other provisions” Tax Transparency Disclosure Requirements for Intermediaries Amendments to the Greek Bankruptcy Code

ECOVIS International Regional Partner Meeting in #Luxembourg

Thanks to everyone who was part of the ECOVIS International Regional Partner Meeting in #Luxembourg. We exchanged on current topics and welcomed our new partners.

International Tax, Audit, Accounting and Legal News – Issue 18 (February 2018)

International Tax, Audit, Accounting and Legal News – Issue 17 (December 2017)

1. Procedure for change of tax residency abroad for individuals; On 6 December 2017, the Public Revenue Authority issued Circular (Pol 1201/2017) providing clarifications and specific guidelines on the procedure for the change of tax residence abroad for individuals. … 2. EU Releases First Blacklist Tax Havens The EU recently has released its first ever […]

International Tax, Audit, Accounting and Legal News – Issue 15 (August 2017)

Law 4484/2017: Implementation in domestic legislation of EU Directive 2016/881 concerning mandatory automatic exchange of information by Country by Country Reporting (CbC) Published in the Official Government Gazette Α’ 110/01.08.2017, Law 4484/2017 which inter alia provides new transfer pricing documentation requirements, introduces in Greek legislation the provisions of EU Directive 2016/881 on mandatory automatic exchange […]

International Tax, Audit, Accounting and Legal News – Issue 13 (May 2017)

Most important Tax amendments introduced by Law 4465/2017 Published in the Official Government Gazette 47 /A’/ 4.4.2017, Law 4465/2017 which inter alia concerning both domestic and cross border restructurings introduces the adjustment of Greek legislation to European rules and more specific to EU Directive 2014/92 governing the comparability of fees related to payment accounts, the […]

International Tax, Audit, Accounting and Legal News – Issue 12 (January 2017)

Most important Tax amendments introduced by Law 4446/2016 and Voluntary Disclosure Program (VDP) Published in the Official Government Gazette A ’240/22.12.2016 Law 4446/2016, which, inter alia, concerning the Voluntary Disclosure Program of undeclared funds, introduces measures designed to encourage tax payers using electronic payment methods rather than cash, amendments to Bankruptcy Code, Administrative Justice, Duties-Fees, […]