Bahas Gramatidis & Partners
To print this article, all you need is to be registered or login on Mondaq.com.
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
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
POPULAR ARTICLES ON: Employment and HR from Greece