New tax exemption for donations of foreign movable assets by Greek citizens resident abroad
Already as of 31/7/2020, by virtue of article 6 of Law 4714/2020, a new provision had been added to Section C of article 43 of the Code of Inheritance, Donations and Parental Benefits Tax (Law 2961 /2001, hereinafter referred to as the "Code"), as case g', which provided for a tax exemption "for gifts of movable assets located abroad and not acquired during the last twelve (12) years in Greece, by a Greek citizen who has been resident abroad for at least ten (10) consecutive years and, in the case of relocation to Greece, no more than five (5) years...
Continue reading