Greece: Tax-Efficient Sectors
Bank Lending to Mining and Shipping Companies
This page was last updated on 9 October 2019.
Interest income earned by banks on loans made to Greek mining and industrial companies is exempt from corporate tax in Greece, provided:
- The loan consists of capital specifically brought in from abroad.
- The banks are Greek or Greek branches of foreign banks.
Interest income earned by a bank on a loan to a ship flying the Greek flag is exempt from taxation in the hands of the bank provided the loan is secured on the ship.