Dear Clients,
Greek Finance Minister Yanis Varoufakis has announced that he intends
to introduce a bill to allow taxpayers to declare funds held abroad without
incurring penalties.
Funds declared under the amnesty will be taxed at rates of 15 to 20 percent,
With no further penalty or investigation, the funds will not have to be repatriated.
The announcement came at the end of the Greek Minister’s visit to Switzerland,
Where it was agreed that the two nations sign a deal on the terms of Greece’s
Amnesty.
Should you require any further clarification, Please do not hesitate to contact us at:
Kind Regards
Cardwell Advisory Desk
