Greece: New tax bill approved by Parliament
Further to our Taxflash LT12026, dated 17 December 2012, the Greek Parliament has approved the tax bill concerning the following provisions:
- Postponement of the implementation of capital gains tax on equities transactions from 1 January 2013 to 1 April 2013;
- Reduction of withholding tax on dividends from 25% to 10%; and
- Increase of corporate tax on dividends from 20% to 26%.
The proposed bill is expected to be voted on in the coming days.
Market sources indicate that the Greek Ministry of Finance intends to put back the implementation of the capital gains tax until the beginning of 2014.
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. |