Greece: Reduction of Sales Tax
Clearstream Banking1 informs clients that effective
2 January 2024
the new law, L. 5073/2023 (articles 50 and 59), published in the Greek Government Gazette, foresees the reduction of tax on sales from 0.2% to 0.1%.
The change will apply from Settlement Date 2 January 2024 with the first updated reporting due by 2 February 2024.
Clients are advised to take note of this change and adapt sales tax reporting accordingly.
The Market Taxation Guide containing further information regarding Greek Sales Tax has been updated accordingly.
With regard to the over-the-counter (OTC) stock lending stamp duty, as provided for in par. 4, art. 4 of L. 4038/2012 and attributed according to the provisions of par. 2, art. 9 of L2579/1998, the applied tax rate remains unchanged at 0.2% until further notice.
Disclaimer
This Announcement is provided for information purposes only and does not aim to give any professional (legal, tax or otherwise) advice and should not be relied upon as such.
Clearstream Banking strongly recommends that clients independently assess whether and how their business is impacted by the Greek Sales Tax before taking any action based on or raising from the information included in this page and shall in no event be expected to any liability for the consequences arising, whether directly or indirectly, out of such actions.
Further information
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG clients using Creation accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.