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Greece Goverment Cutting 24% VAT on Immovable Property

As announced by Greece Prime Minister Kyriakos Mitsotakis, tax reforms are a “key priority” in order to attract more foreigners to invest in Greece. Amongst the reforms announced during the past month were tax reforms relating to immoveable property. Two important measures are the reduction of the ENFIA tax and the elimination of the 24% VAT on property purchases which…