Excise tax
Applicable Legislation – Repeal subject to conditions – Special cases
Current legislation
According to the current legislation, professionals, entrepreneurs and businesses are required to pay an investment fee of between 600 euros and up to 1000 euros. Analytically:
- Each store pays 600 euros annually.
- Individual commercial enterprises and freelancers pay 650 euros annually.
- Legal entities that carry out a commercial business and have their headquarters in tourist areas and in cities or villages with a population of up to 200,000 inhabitants pay 800 euros per year.
- Legal entities that carry out a commercial business and have their headquarters in cities with a population of more than 200,000 inhabitants pay 1,000 euros per year. 1.000 ευρώ ετησίως.
If there is an interruption of the activity during the use, then the business fee is limited according to the months of operation of the business or the practice of the profession. A period of time longer than 15 days is counted as a month.
The following are exempted from the obligation to pay the registration fee:
- Traders as long as 3 years remain from their retirement year.
- Individual commercial enterprises and the individual exercise of a liberal profession, as long as 5 years have not passed since the first start of operations.
- Commercial enterprises and freelancers operating in villages with a population of up to 500 inhabitants and islands with less than 100 inhabitants, unless they are tourist sites.
- Farmers of the normal regime for whom the first 5 years have passed from the date of bookkeeping and their inclusion in the normal VAT regime.
- Those who run an individual business or freelance profession and have a disability equal to or greater than 80%.
Abolition of excise tax subject to conditions
With an amendment of the Ministry of Finance submitted to the Parliament, the following are exempted from the obligation to pay the pretense fee:
- For the tax year 2022 (it was also valid for the tax years 2019-2021) the farmers of normal status, for whom the first 5 years have passed since the date of keeping books and their inclusion in the normal VAT regime. as well as coastal fishermen, who operate fishing vessels up to 12 meters, between verticals.
- For the tax year 2022 and thereafter, natural persons carrying out business activity and legal persons and legal entities, which increase in relation to the previous tax year the total employment time of their employees with a full-time employment relationship in one year, for a period of minimum of three (3) months within the year.
The exemption from the payment of the business tax concerns the same tax year provided that their gross income in the tax year for which the exemption is granted does not exceed 2 million euros. at least for one quarter of each year. It is recalled that the pretense fee will be removed as a measure in 2023 from the tax return statement.
Special case: Artists
It is recalled that artists who were financially affected by the pandemic crisis pay a reduced performance fee of 40% for the next three years. However, for the years 2022, 2023 and 2024, those who closed their books from January 1, 2010 and will resume until June 2023 are fully exempted from the fee.
The AFS team
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