Greece: Sales tax to be increased to 35 bps effective 1 August 2013
Our local agent Citibank International Plc, Athens have informed us that a draft law, relating to income taxation in Greece, has been submitted to the Greek Parliament for voting, introducing an increase in the sales tax on listed equities from 20 to 35 basis points (bps) to be effective from 1 August 2013.
The law is expected to be voted on in the middle of next week.
Customers are reminded that a Circular from the Greek Ministry of Finance postponing the implementation of the Capital Gains Tax on equities until 31 December 2013 is still expected.
We continue to monitor the situation and will provide further information as soon as it becomes available.
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