Greece on Insurance Laws and Products

On December 5th, 2024, Law 5162/2024 was published, introducing significant amendments to Law 5116/2024 concerning mandatory insurance against natural disasters.

With the provision of article 298 of law 4738/2020, with which paragraph 50 was added to article 72 of law 4172/2013, Greek solidarity tax has been abolished for one year, as of January 1st, 2021.

The Independent Authority of Public Revenue has provided clarification regarding IPT exemptions and the treatment of cancellation insurance contracts in Greece.