Market Taxation Guide - Greece

12.01.2017

This Market Taxation Guide (Greece) provides the following details:

  • Reference information about all taxes applied at source, through Clearstream Banking and its local depositories, to securities deposited in Clearstream Banking; and
  • Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.

New and improved tax information and procedures that become available will be included on an ongoing basis.

Important note:

This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice. Copies of the content (in paper or electronic form) may be delivered to a third party for personal use only.

Withholding tax

Debt securitiesHolding restriction?Withholding tax rateRelief at
source
Quick
refund
Standard
refund
Yes0%/ 15%
No withholding tax is deducted on interest from Greek government debt securities held in Clearstream Banking.n/an/an/a
Relief and reclaim of the 15% tax withheld on interest from corporate bonds are not available via Clearstream Banking.NoNoNo
EquitiesHolding restriction?Withholding tax rateRelief at
source
Quick
refund
Standard
refund
No15% a
Non-residents of GreeceNoNoNo
Greek residentsNoNoNo

---------------------
a. 10% until 31 December 2016

Holding restriction

For tax reasons, customers may not hold Greek corporate bonds in Clearstream Banking, whether they are themselves Greek tax residents and beneficial owner of such corporate bonds or they hold such corporate bonds on behalf of a beneficial owner that is a Greek tax resident.

Capital Gains Tax

There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Stamp Duty

There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.