OECD Report on Greek Tax Policies

In its yearly study connected tax argumentation reforms, the Organization for Economic Co-operation and Development (OECD) provides comparative information connected tax reforms crossed countries.

This year’s variation focuses connected tax reforms introduced oregon announced successful 2024 crossed 86 jurisdictions, including Greece. According to the OECD, Greece’s 2024 tax argumentation centered connected three main areas: κοινωνικά information contributions, spot taxation, and the alignment of taxation with biology and tourism objectives.

In the report, the enactment juxtaposes Greece’s tax policies with those of different countries. Many countries person introduced favorable tax provisions for definite types of income oregon bonuses, the study underlines, while Greece implemented a tax exemption connected tips of up to €300 per month.

A small fig of countries used targeted VAT incentives to support specific sectors. In Greece, a 22% VAT complaint was applied to fees for doctors successful nationalist service.

Three countries — Chile, Greece and Peru — introduced tax measures aimed astatine improving compliance. Greece offered discounts to taxpayers who wage their taxes by the deadline for the archetypal installment. Depending connected the filing date, a discount of 2% to 4% tin beryllium applied to the total tax owed and different certified liabilities.

Greece besides made important revisions to the taxation of the self-employed. It abolished the nonrecreational levy connected freelancers, adjusted the method for calculating the minimum imputed income of the self-employed by linking it to the wage of the highest-paid worker — thereby lowering taxable income successful some cases — and introduced a 50% simplification successful imputed income for self-employed individuals surviving successful municipalities with less than 1,500 residents.

Greece, similar Luxembourg, introduced changes to spot income taxation to easiness unit connected lodging markets. In Greece, a three-year tax exemption was granted connected rental income from properties that had antecedently been declared vacant oregon were available lone for short-term leasing. The authorities besides extended the temporary suspension of superior gains tax connected existent property transactions.

At the aforesaid time, Greece accrued κοινωνικά information contributions for the self-employed by 2.7%.

Like galore countries, Greece besides moved to stimulate concern and maturation done expanded tax incentives. The authorities strengthened incentives for angel investors to boost backing for startups and innovation, tripling the maximum deductible magnitude from €300,000 to €900,000 — covering up to 50% of the superior invested successful caller businesses.

Source: tovima.com