Greece has designated 42 nations, including North Macedonia, as having a “privileged tax regime” for the 2024 tax year. This designation indicates that legal entities operating within these countries are subject to a reduced tax rate compared to the rates applicable if they were considered tax residents or conducted permanent business activities within Greece. The official ministerial decision detailing this determination was published in the Official Government Gazette of Greece.
The document was signed by the Minister and Deputy Minister of National Economy and Finance, Kirjakos Pierakakis and Dimitris Markopulos, as reported by MIA. The establishment of a privileged tax regime allows for specific, more favorable tax treatments for businesses linked to these foreign countries. These provisions are governed by the framework outlined in paragraphs 6 and 7 of Article 65 of Law 4172/2013.
This list of 42 countries provides guidelines for the tax obligations of international businesses interacting with the Greek economic framework for the specified year. The mechanism aims to provide clarity regarding the applicable tax rates for entities operating across borders, thereby impacting cross-border investments and commercial activities involving Greece.
Topics: #tax #countries #greece
