The Greek government has repealed the cross-border tax regulations, which were imposed against countries enjoying a privileged tax regime. The cross-border tax regulations amounted to 26%. Cyprus is amongst the countries that enjoy such privileged tax regime and has now been reinstated to the regime applicable between Greece and Cyprus prior to March 2015.
According to the provisions of the law imposed in March 2015, any company that purchased products, fuel or raw materials from a company located in Cyprus, Bulgaria, Qatar or Ireland was obliged to pay 26% tax on the expenditure.
