Greece Tax Agency Issues Circular Clarifying Tax Exemptions for Individual Residency Transfer

The Greek Independent Authority for Public Revenue Aug. 7 issued Circular No. E. 2129, clarifying tax exemptions for imported personal items when an individual or family transfers their residency to Greece. The clarification includes: 1) a VAT and registration exemption for imported personal items, including vehicles, when individuals transfer their residency to Greece; 2) individuals must be considered nonresidents for at least two years before claiming the exemption; 3) vehicles must be owned for at least six months before import; and 4) exemptions are granted only once to a family as a whole. [Greece, Independent Authority for Public Revenue, 08/07/20] ...