Greece's October 2026 tax bill in consultation: property, transfer tax and business measures

Status: a bill, not yet law#

On 18 October 2026 the Ministry of National Economy and Finance put a bill into public consultation. It implements the measures the Prime Minister announced at the 90th Thessaloniki International Fair (TIF) in September 2026. According to the ministry:

• consultation stays open until 1 November 2026;
• the government intends to pass the bill in November 2026.

Everything below describes the bill as the ministry summarised it. Provisions can change during consultation and in Parliament. The text published in the Government Gazette (ΦΕΚ) is what counts legally. Until then, the current rules in our tax overview still apply.

Snapshot#

Real estate#

Transfer tax for buyers outside the EU/EEA#

The ministry's summary says the bill raises transfer tax on dwellings from 1 July 2027 for individuals who are not tax residents of the EU or the European Economic Area.

• The rate. The government's September 2026 TIF document gives a 15% rate (15.45% including the municipal surcharge). The current rate for all buyers is 3% (3.09% with the surcharge).
• Scope. The TIF document says the measure covers residential property only. Commercial property and plots are not included.
• Projected revenue. The document estimates the measure will raise about €100 million a year.
• Who it applies to. The TIF document describes the target group as third-country citizens who are not long-term residents. The consultation summary instead uses tax residence in the EU/EEA as the test. Check the final enacted text to see which test applies to a given buyer.

Investors buying under Greece's investor residence permit should read this alongside the residency-by-investment note.

Reliefs extended to 2027#

Several reliefs that currently expire on 31 December 2026 would run for another year:

• Capital-gains tax. The suspension of capital-gains tax on transfers of real estate (Article 41 of the Income Tax Code) would continue through 2027.
• VAT on new buildings. The VAT exemption would continue through 2027.
• Previously vacant properties. The rental income tax exemption for previously vacant properties would continue through 2027.
• Building upgrades. The income tax reduction for building-upgrade costs would continue through 2027.

Under current rules, the Ministry of Finance tax guide says the exemption can also apply to properties previously used for short-term letting once a long-term lease is signed, subject to conditions. The ministry's consultation summary does not say whether those conditions change. For short-let restrictions, see the short-term rental note.

ENFIA in small settlements#

The bill abolishes ENFIA from 2027 in settlements of up to 2,000 residents, or up to 2,200 in Western Macedonia. According to the ministry, this covers 131 additional settlements and about 62,000 additional property owners.

Businesses and investment#

• Accelerated depreciation. Investment in machinery and equipment from tax year 2027 could be depreciated at 10%, 10%, 15%, 15%, 25% and 25% over six years, instead of 10% a year over ten years. This matters for the projects tracked in our manufacturing note and the Development Law note.
• Business levy (τέλος επιτηδεύματος).
  • Abolished for legal entities' seats and branches outside Attica, and in the Islands regional unit of Attica, from tax year 2026.
  • Halved for those inside Attica in tax year 2027.
  • Fully abolished in 2028.
• Profit-share payments. Payments from profit distribution to board members and executives would be taxed at 15%, instead of 5%, on the amount above €60,000.
• Tax prepayment. For sole proprietorships, the prepayment would fall from 55% to 50% from tax year 2027.
• Social contributions. Private-sector contributions would fall by 0.5 percentage points from April 2027, entirely on the employee's side.
• Supplementary 2026 budget. The national part of the Public Investment Programme rises by €300 million. The money is for energy autonomy and resilience measures and for infrastructure projects.

What is not in the summary#

The September TIF package also announced an extension of the short-term rental registration freeze in central Athens and Thessaloniki to the end of 2027. The ministry's 18 October summary of this bill does not list that extension. As of 20 October 2026 it remained an announcement, not legislation.

Fiscal context: the 2027 draft budget and attributed official projections in the forecasts tracker.

Reaction in consultation: Athens Riviera provision#

Nine coastal municipalities of Attica (Alimos, Vari-Voula-Vouliagmeni, Glyfada, Kallithea, Kropia, Moschato-Tavros, Palaio Faliro, Piraeus and Saronikos) have asked for the withdrawal of a provision reported as Article 339 of the Finance Ministry bill in consultation. According to the press, the provision would classify food and drink venues on tourist properties of ETAD (the state real-estate company), from Faliro Bay to Agia Marina Kropias, as "special tourism infrastructure" facilities. The municipalities argue that licensing and inspection powers could move to the Tourism Ministry (reported by Ta Nea, 19 Oct 2026, and ekathimerini, 20 Oct 2026).

We could not check the article text itself on opengov.gr at the time of writing, so this paragraph relies on press reports. The provision could change or be withdrawn before the bill reaches Parliament.

Sources#

• Ministry of National Economy and Finance: bill posted for public consultation (18 Oct 2026, Greek)
• Hellenic Government: detailed TIF 2026 economic measures (Greek)
• opengov.gr: public consultations, Ministry of Finance (Greek)
• Ta Nea: coastal municipalities object to Article 339 (19 Oct 2026, Greek)
• Skai: summary of the bill in consultation (19 Oct 2026, Greek)
• Ministry of Finance: income taxation guide