The report of the Pissarides committee proposes:
Reduction of employment taxes and social security contributions and a significant reduction in income tax for foreign residents who settle in Greece for 5 years
APPLIED
Evaluation
Article 40 of Law 4758 established tax incentives for natural persons who will transfer their tax residence to Greece. Specifically, an exemption from income tax and from the special solidarity contribution for the 50% of the income for 7 years from salaried work and business activity that will arise in the country for the above natural persons is provided.
Therefore, the proposal is assessed as implemented.
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