The European Commission has formally requested Greece to change its tax legislation which discriminates against funds held abroad by Greek residents. Under the Greek tax amnesty, disclosed funds which are transferred to a bank account in Greece benefit from a lower rate of tax than those kept abroad. The Commission considers these discriminatory provisions to be incompatible with the freedom to provide services and with the free movement of capital provided for in the Treaty on the Functioning of the European Union (TFEU) and in the European Economic Area (EEA) Agreement. The request takes the form of a „reasoned opinion”. If there is no satisfactory response within two months, the Commission may decide to refer the case to the EU’s Court of Justice.

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