Increase in the default rate of IPT in Greece
Technical update

Increase in the default rate of IPT in Greece

16 July 2015

As part of Greece’s negotiations with the Eurozone, a raft of tax increases have been drafted in the Greek Parliament.

The latest measures under Law 4334/16-7-2015 were approved late last night (15 July 2015) and among them is an increase in the default rate of IPT.

The general rate of IPT has been raised from 10% to 15% effective today 16 July 2015.

The bill states that the Fire rate of 20% and the Life rate of 4% have remained the same.

TMF Group will monitor the situation and publish further details as they become apparent.

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Written by

Steve Norman

IPT Technical Manager

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