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Greece: Shipping tax regime; “special contribution” by maritime sector

Greece: Shipping tax regime; “special contribution”

A “special contribution” imposed on the maritime sector has been extended indefinitely and also may be imposed on certain Greek shipping companies.


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The special contribution is calculated on the annual total amount of foreign exchange currency imported and converted into euro. Previously, the special contribution was imposed only on foreign non-management shipping companies. However, under recent tax legislation, it may also be imposed on Greek shipping companies if engaged in shipping activities other than the management or exploitation of vessels.

Other measures in the tax legislation concerning shipping taxation include:

  • A 10% tax is imposed on dividends distributed also by Greek non-management shipping companies.
  • Special payments or bonuses paid by all shipping companies to members of their board of directors, managers, executives, and employees are subject to a 10% tax.
  • A new voluntary grant that applies to Greek tax residents is determined at a fixed rate of 10% on amounts imported by the subject individuals in Greece, when related to dividend income derived from ship-owning companies.

Read an April 2019 report prepared by the KPMG member firm in Greece

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