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Greece Temporarily Increases Tonnage Tax for Category A Vessels in 2024 and 2025

28 July 2022

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Approved Changes

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Greece

Greece published Law No. 4955/2022 in the Official Gazette on 14 July 2022, which contains various measures. This includes amendments regarding the 4% increase (surcharge) in the tonnage tax for category A vessels flying the Greek flag for tax years 2021 to 2025, which also applies for the contribution for vessels of Greek interests flying a foreign flag that are insured with the Naval Retirement Fund. The amendments provide that for 2021, the 4% surcharge is suspended but is still taken into account for the calculation of the tax and contribution amounts in the following years of the five-year period...