Greece updates property transfer rules for tax debtors
New provisions in Greece establish conditions for property transfers by individuals with corporate tax liabilities.
- New legislation introduces changes to property transfers for corporate tax debtors
- Specific criteria apply to transfers without asset withholding
- Regulations also address automatic VAT status transitions for farmers
For property owners and investors in Greece, understanding these regulatory updates is essential for managing compliance and transactions.
The Greek Ministry of National Economy and Finance has introduced legislative changes affecting property transfers and tax obligations. The new provisions outline conditions under which individuals with joint liability for corporate tax debts may transfer real estate without standard withholding measures, provided specific criteria regarding company age and adherence to debt settlement plans are met. Additionally, the framework grants tax authorities the ability to automatically transition farmers to the standard VAT regime when eligibility criteria for special status are no longer met. This summary is provided for general informational purposes only and does not constitute legal or financial advice.
Yavanet will keep updating from official sources.
