Tax Relief 30%
Tax Relief is a second tool to attract audiovisual productions in Greece. EKOME is the official government body that manages this incentive, which can operate in addition to the investment incentive (Cash Rebate). Both are independent investment tools that act together or separately, provided that the general rules of legality and the conditions of State aid cumulation are observed.
A necessary condition for the inclusion in the tax relief program is for the production company to own a Special Bank Account in a Greek credit institution, through which the financial management of the investment plan will be carried out.
Legislation in effect
The tax incentive (Greek Tax Relief) corresponds to a tax relief of 30% of the eligible expenses deducted from the net taxable results of the financiers of the approved investment plan, as they result from the income tax return, according to article 71E of Law 4172 / 2013.
The application is submitted through the platform of the State Aid Information System (PSKE) (www.ependyseis.gr) and the tax relief is calculated by the Independent Public Revenue Authority (AADE) based on the respective income tax return.