Greece: Joint Press Release of the Ministry of Finance and the Ministry of Labor Social Affairs/ Rent reduction

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Ministry of Finance (16.10.2020) Companies based in a Regional Unit that is part of level 4 for at least 14 days and are significantly affected according to the expanded list of KAD April, including scientific disciplines, are entitled to a mandatory rent reduction of 40% on their commercial real estate. The same applies to the main and student residence of suspended employees. For the owners who rent real estate in these companies and the above employees, 1/3 of the loss is offset against their tax liabilities.

measures summary

Companies based in a Regional Unit that is part of level 4 for at least 14 days and are significantly affected according to the expanded list of KAD April, including scientific disciplines, are entitled to a mandatory rent reduction of 40% on their commercial real estate. The same applies to the main and student residence of suspended employees. For the owners who rent real estate in these companies and the above employees, 1/3 of the loss is offset against their tax liabilities.

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Companies based in a Regional Unit that is part of level 4 for at least 14 days and are significantly affected according to the expanded list of KAD April, including scientific disciplines, are entitled to a mandatory rent reduction of 40% on their commercial real estate. The same applies to the main and student residence of suspended employees. For the owners who rent real estate in these companies and the above employees, 1/3 of the loss is offset against their tax liabilities.