Introduction:

On 01 December 2021, the Independent Authority for Public Revenues (hereinafter referred to as “IAPR”) issued guidance note No. Ε.2224/2021. The recently-published circular specifies the meaning of a “newly-created” employment position filled by an individual relocating their tax residence to Greece, clarifies that shareholders and managers of li private limited liability companies, as well as representatives and partners of partnerships may be subject to this favourable tax regime, clarifies the process of withholding income tax and the special solidarity levy from the individuals subject to the regime and adds to the procedural requirements of the application.

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