Regulatory Round-Up: Greece

Let's take a look at regulatory changes that have been announced or taken effect in Greece over the past month.

Capital controls

Further relaxing the firm restrictions placed on Greece earlier this year, foreign transactions (for business activities) are now permitted for legal entities and traders, as long as they do not exceed the amount of €5,000 per day, per client.

VAT rates on hotel services from 1 October 2015

The following applies for the whole Greek territory including the islands of Rhodes, Mykonos, Santorini, Paros, Naxos and Skiathos.