x

Economy

Greece Offers Tax Incentives to Attract Foreign Taxpayers to Greece

November 24, 2020

ATHENS — The Greek government has tabled a draft bill in Parliament offering tax incentives to attract foreign taxpayers in Greece. Finance Minister Christos Staikouras, in comments made on Tuesday, said that the government begun this process with the law 4646/2019, introducing the Non-Dom institution to attract foreign taxpayers who make significant investments in Greece, taking advantage of the alternative taxation status of their global income.

Staikouras added that the government introduced the law 4714/2020, expanding the status of alternate taxation to foreign pensioners transferring their tax base to Greece. He noted that the latest draft legislation introduces tax incentives to attract foreign workers and self-employed, along with Greeks who left the country during the economic crisis, to transfer their tax base in Greece. The incentives offer exemption from income tax and the special solidarity contribution for 50 pct of the income raised in Greece for a period of seven years and exemption of the annual tax objective spending criteria for homes and vehicles.

RELATED

ATHENS - The growing use of Point-of-Service (POS) machines tying businesses directly to the tax department when transactions are made has helped cut deep into Greece’s shadow economy of using cash to avoid paying taxes.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Zelenskyy Hosts Western Leaders in Kyiv as Ukraine Marks 2 Years since Russia’s Full-Scale Invasion

KYIV, Ukraine  — President Volodymyr Zelenskyy welcomed Western leaders to Kyiv Saturday to mark the second anniversary of Russia's full-scale invasion, as Ukrainian forces run low on ammunition and weaponry and foreign aid hangs in the balance.

MOSCOW - The body of Russian opposition leader Alexei Navalny has been handed over to his mother, a top aide to Navalny said Saturday on his social media account.

OXON HILL, Md.  — Former President Donald Trump cast November's presidential election as “judgment day” and declared himself a “proud political dissident” during a speech before conservative activists outside of Washington Saturday as he again cloaked his campaign in religious imagery.

NEW YORK – Greek-American Ari Raptis, Founder and CEO of Talaria Transportation, was featured in an interview in Authority Magazine (AM) sharing his insights into secure logistics.

From shamrocks to leprechaun hats to green beer, it just wouldn't be St.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.