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Greece Abolishes Special Solidarity Contribution in 2023 and Introduces New Corresponding Adjustment Provisions for Transfer Pricing

29 September 2022

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Approved Changes

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Greece

Greece published Law No. 4972/2022 in the Official Gazette on 23 September 2022, which contains various measures including certain tax measures. One of the main measures is the repeal of the special solidarity contribution on individuals for all income from 1 January 2023. The repeal is provided through the amendment of a prior provision that extended the suspension of the contribution for employment income in the private sector in 2022. Another important measure amends an existing provision on transfer pricing upward adjustments to provide for corresponding downward adjustments. It is provided that if, following an audit, the taxable profits of...