Greece published Law No. 4955/2022 in the Official Gazette on 14 July 2022, which contains various measures. This includes amendments regarding the 4% increase (surcharge) in the tonnage tax for category A vessels flying the Greek flag for tax years 2021 to 2025, which also applies for the contribution for vessels of Greek interests flying a foreign flag that are insured with the Naval Retirement Fund. The amendments provide that for 2021, the 4% surcharge is suspended but is still taken into account for the calculation of the tax and contribution amounts in the following years of the five-year period 2021 to 2025. Further, the 4% surcharge is increased to 6% for 2024 and 2025. The amendments are considered to have entered into force on 5 July 2022.
Click the following for a copy of Law No. 4955/2022 published by a third party. Note that the main measures of the law concern the transposition into national law of Council Directive (EU) 2020/262 on the general arrangements for excise duty (recast), which generally enter into force on 13 February 2023. Greece was recently sent a reasoned opinion from the European Commission for failing to notify the measures for the transposition, as included in the Commission's July 2022 infringements package.