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Greece

Greece: Digitization Upgrades Service Level to Citizens

The Greek Ministry of Health has recently introduced 10 modern and directly accessible electronic services for the self-employed, the freelancers, and the company employers on a platform named EFKA (e-EFKA), in an effort to battle the existing bureaucracy. These services…

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Greece

New Trending Hotspots for Digital Nomads

Are you still looking for your next digital nomad adventure?  Location independent movement is gaining traction and more people are considering this dynamic lifestyle. All cities are not equal though and there are certain criteria that make a place a fabulous and preferred spot for Digital Nomads.   Do…

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Greece

Opening a Bank Account in Greece

Greece has suffered enough the past years due to the worldwide economic depression occurred in 2008. However, Greece has shown great financial improvement the last 3 years owing to: The boost of Tourism, which in 2019 reached almost 40 million…

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Greece

Greek Government Takes Measures to Restart Local Economy

This was stated, by the Minister of Finance, Christos Staikouras, who also described the network of short-term policies that will support the restart of the economy. The cost of the support measures will approach 15 billion euros this year, with a target…

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Greece

Greece: Ministry of Finance Announces New Tax Relief Measures

The Ministry of Finance announced on April 22nd new tax cuts and the abolition of the special solidarity contribution for natural persons engaged in business activity, legal persons and legal entities.  More specifically:   From this year onwards, the mandatory tax pre-payment will be permanently reduced from 100% to 55% for all individuals engaged in business…

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Greece

Inadequate Transfer Pricing Approach Costs Greek Companies €6.1 MM in Taxes...

Transfer Pricing documentation for all types of intra-group transactions has been applicable to Greek entities for over a decade. However, a lot has changed the past few years, in fact, even the relevant law itself, during the pre-BEPS period and…

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Greece

Greece: Amendments to Solidarity Tax and Social Contribution

as of 1st of January 2021 With the provision of article 298 of law 4738/2020, with which paragraph 50 was added to article 72 of law 4172/2013, Greek solidarity tax has been abolished for one year, as of January 1st, 2021.  Should the taxable income from…

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Greece

Dispute Advisory Services

Whilst in everyday life disputes between individuals are commonplace, the same happens within organizations. Disputes are an inevitable byproduct of doing business and the nature of litigation is increasingly complex. Eurofast can assist you. Our ServicesMeasurement and representation of the…

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Greece

Greece: 50% Tax Reduction from the Annual Income of 1st-time Employment

It is widely known that brain drain is the worst threat to a country’s prosperity. The Greek government announced legislative initiatives to reverse this phenomenon, to attract foreign investment and to invite foreign nationals to settle and work in Greece. The legislative…

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Greece

Stated Deadline for Ultimate Beneficial Owners in Greece registration

We would like to inform you that the extended suspension of operation of the information system “Central Register of Ultimate Beneficiary Owners (“UBOs”) per article 20 of law 4557/2018 expired on October 1st, 2020. The entities doing business in Greece…

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