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ARTICLE · 23 FEBRUARY 2023

Reduced VAT In Real Estate Related Transactions

Law 5000/2022 was published on the 09.12.2022 and, inter alia.

GreeceTax

Law 5000/2022 was published on the 09.12.2022 and, inter alia, includes provisions regulating the following:

✔ Extension of the possibility of inclusion in the VAT suspension regime on real estate

The possibility for constructors to opt for inclusion in the tax suspension regime is extended until 31.12.2024, so that the sale of immovable property is not subject to VAT, with the same terms and conditions and with a simplified procedure.

The promotion of investment in the real estate market during the implementation of this measure, proves to be effective and beneficial. Therefore, its extension until the end of 2024 is considered essential, in order to strengthen the real estate market.

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