Greece: Incentives to encourage investment activities include income tax relief

A new law is expected to be effective at the beginning of 2022.

A new law is expected to be effective at the beginning of 2022.

Pending legislative proposals would provide incentives to encourage investments.

The new measures aim at promoting the economic development of Greece by accelerating the administrative procedures and by providing incentives for certain targeted activities (such as green and digital activities, new technologies, robotics, and artificial intelligence).

One of the incentives would be an exemption from income tax for a 15-year period. Other incentives would consist of government grants, subsidies for leasing or purchasing new machinery and equipment, and wage subsidies for a two-year period.

Read a December 2021 report prepared by the KPMG member firm in Greece

 

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