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On 26.02.2020 the Greek Ministry of Finance has announced the procedure which should be followed by individuals who wish to transfer their tax residence in Greece under the provisions of the favorable Non-Dom tax regime, which was introduced for the first time in Greece by Law 4646/2019. Individuals may benefit from the Non-Dom taxation as from tax year 2020 onwards by submitting their application until 31st March 2020

Greek L.4646/2019 introduced significant amendments in the taxation of both individuals and legal entities.

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From pricing and reputational risks to the threat of systems overload and cash flow disruption, indirect taxation is nothing like as easy as it seems. So how do you manage the hidden complexities of indirect taxation?

The question is no longer whether blockchain will disrupt the tax system, but how far, how fast and how to ensure your business is up to speed. Putting the hype aside, what does blockchain really mean for tax compliance and management within your business? What are the main risks and opportunities? How can you begin preparing for the shake-up ahead?

Broad reforms in the country’s social security and pension systems were voted for by the Greek Parliament. The approved legislation also introduced amendments in the existing tax system, some of which seem incompatible with the concept of uniform taxation on income derived from the same source. Indicatively, the tax rate applicable to partnerships (with turnover up to €1,5m) is significantly lower (up to 16%) than the relevant rate applicable to self-employed individuals performing the same business activity.

Indirect taxation is becoming ever more complicated, varied between jurisdictions and prone to government tinkering. With some of the biggest tax reforms occurring within indirect tax, getting on top of the complexity and change is vital.

In touch with tax | No 28

In touch with tax | No 28

In touch with tax | No 28

In touch with tax | No 27