Greece: New tax bill voted into law : update
Further to our Taxflash LT13006, dated 16 January 2013, concerning the Greek Parliament voting the new tax bill into law, the final text has now been circulated concerning the following provisions:
- Postponement of the implementation of capital gains tax on equities transactions until 1 July 2013.
The law imposes 20% capital gains tax on gains derived from the sale of listed shares purchased from 1 July 2013 and onwards. - Withholding tax on dividends reduced from 25% to 10%, effective on distributions as of 1 January 2014.
- Corporate tax on dividends increased from 20% to 26%, effective as of 1 January 2013.
It is expected that the Greek Ministry of Finance will issue a Circular providing further details of the capital gains tax implementation.
We continue to monitor the Greek market for new developments and will provide more information as it becomes available.
| This Taxflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Taxflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Taxflash does not constitute legal or tax advice. |