Factsheet: Law on the Income Tax

Law on the Income Tax

Key Information
Full name of Instrument & Measure (English): 
Law No. 2238/1994 on the Income Tax
Full name of Instrument & Measure (native language): 
Νόμος 2238/1994 - Μεταβολές στη φορολογία εισοδήματος, απλουστεύσεις στον Κώδικα Βιβλίων και Στοιχείων και άλλες διατάξεις.
Description: 
Law No. 2238/1994 provides for an income tax relief for natural and legal persons who have performed an energy upgrading of their building either on their own or as participants of National Programmes (such as Exoikonomo). The installation of RES may be deduced from taxable income (10% of the costs, up to a maximum of € 3,000). The programme primarily supports solar-thermal energy. However, all RES-H technologies are theoretically eligible.
Goal/Aim: 
Stimulate energy efficiency and renewable energy in buildings

Sector/Topic targeted:

Responsible Authority: 
Ministry of Finance (YPOIK)

Status:

Year Instrument & Measure Started: 
1994
Year Last Instrument & Measure was last Amended: 
2012