Greece to phase out occupation tax for legal entities

Greece is implementing a phased abolition of the occupation tax for legal entities to provide regional economic advantages. Starting in 2027, companies headquartered outside the Attica Region, including those in Thessaly and Thessaloniki, will be entirely exempt from this tax.

In contrast, companies based in the Attica Region will see a 50% reduction in the tax in 2028, with a full abolition scheduled for 2029. Currently, these taxes range from 800 to 1,000 euros annually for certain entities, with additional costs applied to branches.

Additional fiscal measures include accelerated depreciation for new machinery investments starting in 2027, reducing the period from ten years to six. Furthermore, corporate tax advances will be gradually reduced from 80% to 50% starting in 2028 to improve business liquidity. To support small and medium-sized enterprises (SMEs), the Hellenic Development Bank will also introduce new financing tools, including a 1.5 billion euro pool from Recovery Fund loans.