Recovery of the Greek Economy

FOCUS ON TAX INCENTIVES FOR INVESTMENT Selected measures introduced to boost private investment in Greece Reduction, by 50%, of the tax rate for start-ups, for the 3 first years of operation Introduction of a 40% tax deduction for expenses related to the provision of energy services, functional and aesthetic upgrade of buildings Suspension of VAT on new buildings and suspension of real estate tax for 3 years Introduction of a special tax regime on foreign income for individuals, who transfer their tax residence to Greece and make significant investments in Greece Extension of a special tax regime on income for foreign retirees, who transfer their tax residence to Greece Additional incentives, through income tax and special solidarity contribution, for the return to the country of Greeks, who left during the years of crisis Additional incentives for the creation of family offices Source: Ministry of Finance APPENDIX 28 28

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