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Greece Announces Tax Amnesty Plans

by Ulrika Lomas, Tax-News.com, Brussels

05 May 2015


Greek Finance Minister Yanis Varoufakis has announced that he intends to introduce a bill to allow taxpayers to declare funds held abroad without incurring penalties.

Funds declared under the amnesty will be taxed at rates of 15 to 20 percent, with no further penalty or investigation. The funds will not have to be repatriated.

The announcement came at the end of the Greek Minister's visit to Switzerland, where it was agreed that the two nations would sign a deal on the terms of Greece's amnesty.

TAGS: compliance | Finance | tax | tax compliance | tax avoidance | law | Greece | Switzerland | tax reform | Europe

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