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Report: Business taxation in Greece among Europe’s highest

Among the many issues that can come up for a Greek American when they own a business in Greece are issues regarding Greek taxes. Companies in Greece can face quite a bit in the way of taxes. A recent report put Greece near the top of Europe when it comes to level of business taxation.

The report was from the Hellenic Federation of Enterprises. According to the report, when it comes to taxation of companies and executives, Greece is second highest among European Union countries. One wonders what impacts this is having on owners of Greek businesses, including those who live here in the United States.

Now, the amount of taxes their business is subject to is not the only thing that can have major impacts for a business owner. Another thing that can is how often the tax laws that apply to their business change. This can impact what kinds of challenges are present when it comes to staying in compliance with such laws.

The recent report noted that Greece business tax rules tend to change quite a bit. The report marked this as another of the things that can make Greece a challenging tax environment for businesses.

When dealing with a regularly shifting business tax environment, having good legal guidance can be critical for a business. Such guidance could help a business owner stay appraised of what they need to do to ensure the tax issues related to their business are properly addressed. So, when dealing with tax matters related to a Greek business they own, a Greek American may want the help of a lawyer with a detailed understanding of Greek business tax law and issues.

Source: Greek Reporter, “Greece Comes 2nd in Taxing Businesses and Executives,” Phillip Chrysopoulus, Feb. 21, 2017

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Hahalis & Kounoupis, P.C. - Greek Law Group
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Hahalis & Kounoupis, P.C. - Greek Law Group