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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.

 

 

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