Tax incentive

Hundreds of thousands of taxpayers use cards to pay for everything from hair salons to taxis, but without seeing the deduction the tax office has promised.

Moreover, a regulation introducing a "haircut" in the settlement for those who upgrade the energy efficiency of their home has so far benefited less than 1,000 owners across Greece.

The government’s economic team is exploring potential changes to incentives aimed at encouraging taxpayers to shift from cash transactions to electronic payments.

The President of SEV is calling for the amendment of the Development Law and the inclusion of large investments with tax incentives in it, given the termination of the Recovery Fund and as a measure to close the investment gap that the country continues to present against the rest of Europe despite the significant improvement of the last five years.

Faced with a sharp decline in mergers and acquisitions, the government is providing more generous tax incentives to encourage them. It also wants to reward companies that invest heavily in research and development, as well as angel investors that put up their own assets to finance startups and other small businesses in exchange for equity.

Three new bills, in addition to the new fiscal framework, are being prepared for submission to Parliament within 2024, National Economy and Finance Minister Kostis Hatzidakis revealed on Tuesday, while speaking at the Real Investment Summit 2024.

The way of transition will depend on the link between the monthly fee and the promotion of other benefits or incentives

Officials at the Treasury and Finance Ministry are studying a proposal to launch a scheme that would allow private companies to build homes and lease them out to boost dwelling unit supply and to curb excessive rent increases.

Creating a favorable financial climate to support the approximately 820,000 SMEs in Greece should be a key goal of government, banks and entrepreneurship.

Lawmakers were presented on Tuesday with a draft bill introducing a set of incentives aimed at enticing Greeks based abroad as well as foreign taxpayers and self-employed professionals to transfer their tax domicile to Greece.

Greece aspires to turn the new development at Elliniko into a Monaco-like magnet for wealthy entrepreneurs and businesses from abroad, not just for pensioners permanent relocating to Greece.