Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 18 JULY 1995

Recent Tax Law Developments

Bahas Gramatidis & Partners
Explore more from Bahas Gramatidis & Partners

GreeceEmployment and HR

1. Special Banking Transactions Tax.

The Ministry of Finance has decided to keep in force the so-called special banking transactions tax of 4%, which burdens the final lending cost of the commercial banks, as well as the contribution of 1% of L. 128, which burdens loan interest rates.

2. Mutual Funds.

As from 1 July 1994 income earned by Portfolio Investments and Mutual Funds Companies will be taxed by 15%, whereas the tax is to be calculated daily and rendered to the State every semester in the first fortnight of January and July.

3. Value Added Tax.

As from 1-1-1995 the advance payment of Value Added Tax by enterprises selling goods or rendering services is abolished.
Athanassios Vamvoukos, Bahas, Gramatidis & Associates, Athens, Greece

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Law 5316/2026 On Pay Transparency And Equal Pay

Law 5316/20261 (the Law) was voted by the Greek Parliament on 2 July 2026. It transposes Directive (EU) 2023/970 into Greek law by amending several Articles of the Greek Labor Code. The purpose of the Directive is to eliminate the gender pay gap for equal work or work of equal value, create transparent conditions for pay determination and progression, strengthen enforcement mechanisms and ensure access to effective remedies and restoration for affected workers.
GreeceEmployment and HR
Bernitsas
Bernitsas
Article

Greece’s Transposition Of The EU Pay Transparency Directive: What Employers Need To Know

Greece's new pay transparency law, transposing the EU Pay Transparency Directive, introduces comprehensive requirements for employers including written pay structures, gender pay gap reporting, and employee information rights. With most operational obligations taking effect from November 1, 2026, employers face strict deadlines, substantial penalties for non-compliance, and a new administrative dispute resolution procedure that shifts the burden of proof in discrimination cases.
European UnionEmployment and HR
Ius Laboris
Ius Laboris
Article

Greece Transposes The EU Pay Transparency Directive: What Employers Need To Know

Greece has become the fifth EU Member State to transpose the Pay Transparency Directive, introducing comprehensive pay transparency obligations that take effect from November 2026. The new law requires written pay structures, establishes fixed deadlines for remedying pay gaps, and introduces substantial penalties for non-compliance, while giving employers a short preparation window before core requirements apply.
GreeceEmployment and HR
Lewis Silkin
Lewis Silkin
Article

Law 5316/2026 – Other Amendments

Law 5316/2026 (the Law) was voted by the Greek Parliament on 2 July 2026 and transposes Directive (EU) 2023/970 into Greek law by amending several Articles of the Greek Labor Code. The aim of this Briefing is to present the other amendments introduced by the Law to the Greek Labor Code on employment and pension matters, independent of the provisions concerning the transposition of the Directive, and specifically to provide an overview of the Articles in Parts B and C of the Law, which took effect on 6 July 2026.
GreeceEmployment and HR
Bernitsas
Bernitsas
Article

EU Pay Transparency: Greece Becomes Fifth Member State To Finalize Directive Transposition

Greece has become the fifth EU member state to transpose the Pay Transparency Directive, introducing comprehensive obligations that take effect November 1, 2026. While largely aligned with the EU framework, the Greek law includes distinctive provisions on pay structures, enforcement mechanisms, and a central role for the Greek Ombudsperson in overseeing compliance. Employers with operations in Greece face new requirements around gender-neutral compensation, pre-employment disclosures, and enhanced anti-disc
GlobalEmployment and HR
Jackson Lewis P.C.
Jackson Lewis P.C.