Prime Minister Kyriakos Mitsotakis announced that capital controls imposed in June, 2015, following the Tsipras’ administration’s botched negotiations with Greece’s creditors and EU have as of today fully lifted. “Today I am announcing that yet another of our electoral platform pledges is being implemented and indeed ahead of schedule. In cooperation with the Bank of […]
Month: September 2019
The rise of accounting e-books
Details of the electronic bookkeeping and electronic invoicing were presented in the press release given by the finance ministry leadership. The new system introduces an on-line platform of the tax authorities dedicated to the system, called “myDATA”. The target is to introduce the system under a pilot scheme on October 1 and its full implementation […]
States with preferential Tax Regime
List of jurisdictions with preferential tax regimes for Financial Year 2018 published. Read the Tax alert in Greek here.
Greece Tax Agency Posts Circular on VAT Impact of No-Deal Brexit for Businesses
The Greek Independent Authority for Public Revenue April 5 posted online a circular clarifying VAT payments and refunds for businesses in the event of a no-deal Brexit. Topics covered include: 1) VAT exemptions for imports and exports; 2) refund application procedures before and after Brexit for U.K. companies; 3) VAT payments and liabilities under a […]
Greece Raises Minimum Wage to €650
Decision No. 4241/127 / 30-1-2019 on the increase of the minimum wage was published in Government Gazette B 173. The standard monthly minimum wage would rise from current € 586 to € 650. The government will also abolish the ”sub-minimum” wage which was paid to those under the age of 25. In percentage points, the […]