Ministerial Decree No. 106688 was published in the Official Gazette on 14th October 2016 regarding the determination of the maximum amount of aid per investment project tendered in 2016 under the new investment law. This decree refers Mechanical Equipment Aid, General Entrepreneurship, New Independent SMEs, and major investments. In accordance with article 1 of the decree, Mechanical Equipment Aid projects get the maximum EUR 150 million amount of aid taking the form of a tax exemption, maximum EUR 80 million amount is allotted for General Entrepreneurship projects and maximum EUR 50 million is determined for New Independent SMEs. Note that, the total tax exemption in combination with the benefit of the stable tax rate must not exceed EUR 100 million per project. On the other hand, other types of aid like subsidies corresponding to a sum of money to cover part of the subsidized expenditure of the investment, the leasing subsidy for the acquisition of new machinery and/or other equipment and the subsidies for employment costs, the maximum EUR 70 million amount is allotted for General Entrepreneurship projects and maximum EUR 100 million amount is fixed for New Independent SMEs projects.
UK: Statistics released on Venture Capital Trusts
Ireland: Finance Bill 2016
Related Posts
OECD publishes transfer pricing profiles for eight countries
The OECD has published the revised transfer pricing country profiles, including profiles for Bosnia and Herzegovina, Brazil, Costa Rica, Croatia, Greece, Iceland, Korea (Rep.), and Norway on 22 January 2026. These profiles focus on countries'
Read More
Greece: AADE introduces special VAT regime for non-established EU businesses
Greece’s Independent Authority for Public Revenue (AADE) has issued a decision establishing the framework for a special VAT regime for businesses based in other European Union (EU) Member States. The regime allows non-established enterprises to
Read More Greece: AADE extends VAT reductions to small Aegean, Dodecanese Islands
Greece’s Independent Authority for Public Revenue (AADE) has announced, in Circular E.2113/2025, that from 1 January 2026, reduced VAT rates will apply to islands in the North Aegean, the Evros Regional Unit (Samothraki), and the Dodecanese with
Read More
Greece: Parliament passes 2026 budget, includes PIT reliefs
The Greek Parliament passed the 2026 budget on 16 December 2025. It now awaits to be published in the Official Gazette and will take effect from 1 January 2026. The budget introduces a broad package of tax reforms aimed at easing household costs
Read More Greece extends deadline for second-category ship tax declarations
Greece’s Independent Authority for Public Revenue (AADE), in a press release on 16 December 2025, announced that the deadline for submitting second-category ship tax declarations under Law 27/1975 for the 2024 tax year has been extended to 25
Read More
Greece enacts law introducing strategic investment incentives, 100% deduction for defence
Greece has passed Law 5246/2025, “Tax Reform for Demographics and the Middle Class – Support Measures for Society and the Economy”, following parliamentary approval on 7 November 2025. The law introduces broad tax reforms, including
Read More