Greece Parliament Considers Draft Bill on 2025 State Budget

The Greek Parliament Oct. 7 accepted for consideration a draft bill on the 2025 state budget. The draft bill includes measures to: 1) apply a 13 percent VAT rate and a transient tax on short-term rentals, for taxpayers with three or more rented apartments; 2) reduce employee and employer insurance contributions by 0.5 percent each, effective Jan. 1, 2025; 3) increase the start-up capital investment limit for tax incentives to 900,000 euros (US$987,013); 4) reduce the minimum share capital subject to the 30 percent tax exemption on profits to 100,000 euros (US$109,668) for qualifying new companies; 5) extend tax incentives ...