Greece is taking steps to introduce reforms in the areas of tax policy and revenue administration under a “memorandum of understanding” reached with the European Commission.
Concerning income tax, the Greek parliament in August 2015 approved a package of measures that would, among other items, make changes to the regime for shipping taxation.
In particular, a special “tonnage taxation” regime under law 27/1975 would now apply to certain categories of vessels flying flags of EU / EEA Member States so that these vessels would benefit from the same privileges as do vessels flying Greek flags or vessels flying a foreign flag but managed by a branch or office established in Greece.
Furthermore, the tonnage taxation rate would be increased annually by 4% for the years 2016-2020.
The Greek government committed to enhancing tax compliance and to addressing tax evasion and tax collection. The Greek authorities are to produce by November 2015 a comprehensive plan to address tax evasion that would include measures for:
Read an August 2015 blog prepared by the KPMG member firm in Switzerland: Greece intensifies fight against tax evasion
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