An amendment regarding the draft bill, which amends the Income Tax Code and other provisions was submitted to the Greek parliament on 16th March 2017. The amendment states to the tonnage tax payment and the NAT special levy of category A Greek-flagged vessels. In accordance with the amendment, the tonnage tax and the contribution is paid in USD or GBP based on the euro exchange rate. This was determined by the European Central Bank at the time of the filing of the tonnage tax return. At present, the exchange rate, which was determined by the Bank of Greece applies. A draft bill was submitted to the parliament on 8th March 2017.
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