Greece: Implementation of Capital Gains Tax

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Further to our Taxflash T12013, dated 27 March 2012, concerning the draft bill proposing a postponement of the Capital Gains Tax for equities, the Hellenic Exchanges (HELEX) has decided not to implement the Capital Gains Tax (CGT) on 2 April 2012 as originally scheduled, but to postpone implementation until 1 January 2013.

Note: Until the implementation of the proposed Capital Gains Tax, the 0.20% sales tax on equities transactions will continue to apply.

We will continue to monitor the Greek market for any new developments and will provide more information as it becomes available.

Greece: Implementation of Capital Gains Tax - update IV