Greece imposes 33% solidarity contribution on energy and mining sectors

25 July, 2024

Greece has introduced a new temporary solidarity contribution targeting companies in the energy and mining sectors, set at a rate of 33%, in line with European Council Regulation (EU) 2022/1854.

This measure is outlined in Bill 5123/2024, enacted on 19 July 2024.

Contribution calculation

Contribution = [Taxable profits for 2023 – (120% × (Average of taxable profits or losses for 2018-2021))] × 33%

Eligible entities can deduct this contribution as an expense when calculating their taxable profits for the 2024 tax year.

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