On 21 December 2022, Greece published Law No. 5005 in the Official Gazette, which extended the application of the 30% special deduction for advertising expenses to the tax year 2023 as well as 2022. In some circumstances, a 100% additional deduction was provided for 2020, a 60% additional deduction for 2021, and a 30% additional deduction for 2022. According to Law No. 5005, the 30% additional deduction also applies for 2023.
Furthermore, as per the enacted legislation provides that advertisements to content providers of local TV services will be exempt from the special TV advertising tax until 31 December 2023. Previously, the exemption applied up to 31 December 2022.
