Introduced in 1998 and amended last in 2011
Law 2579/1998 and Law 2238/1994 as amended by Law 3943/2011.
In scope instruments
- listed shares acquired up to 31 December 2012 are subject to a sales tax at the rate of 0.2 percent
- listed shares acquired as of 1 January 2013 will no longer be subject to the sales tax noted above; rather, any capital gains received will be added to the taxpayer's total income.
Taxable event (transaction)
Sale (including over-the-counter (OTC) sale(s) of listed shares)
Territorial connection for liability – condition for taxability is:
Residence of issuer?
Location of transaction (e.g. traded on local stock exchange)?
Yes, i.e. the tax applies to the sale of shares listed on the Athens Stock Exchange.
Location of party (e.g. at least one party to the transaction is resident)?
Sales tax (for shares acquired up to 31 December 2012) applies irrespective of the seller's nationality. The tax also applies to the sale of shares listed on a foreign stock exchange, if the seller is a Greek resident.
Financial intermediary is resident?
Other relevant conditions for taxability
Person responsible for collecting/remitting tax
For the sale of shares which have been acquired up to 31 December 2012 the tax due is settled each month through the brokers and is paid by the Hellenic Exchange SA. In the case of a sale of foreign-listed shares, the seller is required to remit the sales tax.
The Hellenic Exchange SA/the seller
Person who in practice bears the tax
See previous comments
Penalties in case of failure to file/pay
Surcharges and penalties for inaccurate submission of the income tax return.
For the sale of shares acquired up to 31 December 2012, sales tax is calculated on the value of the shares sold.
Sale of shares acquired up to 31 December 2012: The sale of shares acquired up to 31 December 2012 and which are listed on ATHEX or to a foreign stock exchange is subject to a 0.2 percent tax. See also previous comments.