Greece Parliament Considers Bill to Establish Exemptions for Individuals Transferring Tax Residence

The Greek Parliament Nov. 24 accepted for consideration a bill to establish tax exemptions for individuals transferring their tax residence to Greece. The bill includes measures that would: 1) exempt 50 percent of Greek employment and business income from income tax and the special solidarity contribution; 2) establish conditions and an application procedure for the exemption and the transfer of residency; 3) limit the exemption to a seven-year tax period, including the residence transfer application year; 4) disqualify taxpayers that don’t continue to fulfill qualifying conditions within the exemption period; 5) require residence transfer applications by July 31 of the ...