Luxurius Lifestyle Tax
New Additional information starting from 9/07/2013
The parliament on January 2013 voted the new tax law. Among that tax law they have established luxury lifestyle tax on the amounts of the annual appraisal value of the expenses related to the ownership or possession of large-engined private passengercars, airplanes, helicopters, sailplanes as well as swimming pools.
At first this was programmed to start from fiscal year 2014. Although the ministry of finance on 9/7/2013 announced that luxury tax lifestyle will be valid for the current fiscal year 2013 (usage 2012).
More specific for calendar year 2015 and on:
• For large engine cars with a capacity of 1929 to 2500 cm3, the tax will be calculated on the basis of a 5% rate, while for cars with a capacity of more than 2 500 cm3, the rate will be 10% 13%.
• In the remaining categories (e.g. boats over 5 meters long, aircraft, helicopters and sailplanes as well as pools) the tax rate is set at 10% 13%.
• Exempted from the luxurious lifestyle tax are private passenger cars where more than 10 years have passed from the year of their original circulation in Greece, as well as private passenger cars for disabled persons, which are exempted from road taxes.
• Exempted from the luxurious lifestyle tax are sailboats and cruis ships completelly made of wood and manufactured in Greece.
•The rate of the above taxes are imposed on the imputed income that is derived from vehicles, boats,houses etc. Hence the luxurious lifestyle tax is not applied for non-greek tax citizens.
The parliament on January 2013 voted the new tax law. Among that tax law they have established luxury lifestyle tax on the amounts of the annual appraisal value of the expenses related to the ownership or possession of large-engined private passengercars, airplanes, helicopters, sailplanes as well as swimming pools.
At first this was programmed to start from fiscal year 2014. Although the ministry of finance on 9/7/2013 announced that luxury tax lifestyle will be valid for the current fiscal year 2013 (usage 2012).
More specific for calendar year 2015 and on:
• For large engine cars with a capacity of 1929 to 2500 cm3, the tax will be calculated on the basis of a 5% rate, while for cars with a capacity of more than 2 500 cm3, the rate will be 10% 13%.
• In the remaining categories (e.g. boats over 5 meters long, aircraft, helicopters and sailplanes as well as pools) the tax rate is set at 10% 13%.
• Exempted from the luxurious lifestyle tax are private passenger cars where more than 10 years have passed from the year of their original circulation in Greece, as well as private passenger cars for disabled persons, which are exempted from road taxes.
• Exempted from the luxurious lifestyle tax are sailboats and cruis ships completelly made of wood and manufactured in Greece.
•The rate of the above taxes are imposed on the imputed income that is derived from vehicles, boats,houses etc. Hence the luxurious lifestyle tax is not applied for non-greek tax citizens.
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