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Greek Solidarity Contribution on Fossil Fuel Companies is Deductible

01 September 2023

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Approved Changes

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Greece

The Greek Public Revenue Authority (AADE) has published Decision A. 1117 of 2 August 2023, which amends Decision A. 1069 of 16 May 2023 on the form and content of the return (declaration) for the temporary solidarity contribution on fossil fuel companies. As previously reported, the solidarity contribution applies to companies that derive at least 75% of their gross income in tax year 2022 from activities in the fields of coal and lignite mining, crude oil and natural gas extraction, the production of coking products, and petroleum refining. The contribution rate is 33%, with the contribution amount calculated according to...