Michael Anderson and Styliani Ntoukaki (Joseph Hage Aaronson) explain how the Greek government is seeking to attract wealthy foreigners by introducing a new non-dom regime.
The Greek government is seeking to attract foreigners with money to invest in Greece by introducing a new non-dom regime (law no. 4646/2019 article 5A enacted on 12 December 2019). Having special regimes for non-doms is old news to many European countries as it is already available in the UK Ireland Malta Italy and Cyprus. The regime is designed to address the high-net-worth individuals and to help the country stay competitive in the process of recovering from the financial crisis.
Background
Greece has a worldwide tax system. If income is distributed by a Greek company then it is taxed under the normal Greek rates and it is not included in the flat-tax. The main benefit of...
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Michael Anderson and Styliani Ntoukaki (Joseph Hage Aaronson) explain how the Greek government is seeking to attract wealthy foreigners by introducing a new non-dom regime.
The Greek government is seeking to attract foreigners with money to invest in Greece by introducing a new non-dom regime (law no. 4646/2019 article 5A enacted on 12 December 2019). Having special regimes for non-doms is old news to many European countries as it is already available in the UK Ireland Malta Italy and Cyprus. The regime is designed to address the high-net-worth individuals and to help the country stay competitive in the process of recovering from the financial crisis.
Background
Greece has a worldwide tax system. If income is distributed by a Greek company then it is taxed under the normal Greek rates and it is not included in the flat-tax. The main benefit of...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
