Accountancy in Greece

>> Allowances in Greece

Depreciation

The straight-line method of deprecation  is used.

Depreciation rates vary from 4% to 40%. Land is not depreciated.

Newly established entities may postpone the depreciation of their assets during the first three tax years.

Investment allowance

There are fiscal incentives for regional development investments. Specially licensed entities with non-domestic activities are taxed on notional profit.


Latest version updated 31st October 2017

Country Breakdown

10.7

Million

Population

Euro

Currency

$ 192.6

Trillion

GDP

131,957

km2