Greece has published Law No. 5162 in the Official Gazette on 5 December 2024 enacting 2025 tax reform measures.
The legislation eliminates the business (trade) tax for all individuals and extends the suspension of capital gains tax on the transfer of real estate until 31 December 2026.
The bill enhanced incentives for angel investors in start-ups, raising the maximum contribution from EUR 300,000 to EUR 900,000 across three enterprises with a 50% deduction.
It has reduced the minimum capital limit of the new company, resulting from a partnership/transformation from EUR 100,000 to EUR 125,000, to ensure a 30% tax exemption on profits. In addition, the bill also raises the income deduction cap to 315% for investments in knowledge-intensive SMEs.
The measures of the law will go into effect from 1 January 2025.
Earlier, Greece’s Ministry of National Economy and Finance announced new legislation for tax reform measures for 2025 on 5 November 2024.
