The Greek parliament approved the ratification of the income tax treaty with Japan on 18 September 2024.
Signed on 1 November 2023, it is the first of its kind between the two nations. It will enter into force 30 days after the exchange of ratification instruments.
A tax treaty is a bilateral agreement between two countries aimed at addressing issues related to double taxation on the passive and active income of their citizens. These treaties typically establish the tax rates a country can impose on an individual’s income, capital, estate, or wealth. An income tax treaty is also known as a Double Tax Agreement (DTA).
The treaty will apply from 1 January of the year following its entry into force.
