1989 - 2019 30 years in business Friday, 19th April 2019

Greece Announces Tax Amnesty Plans

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



Should you require any further clarification, Please do not hesitate to contact us at:



Kind Regards

Cardwell Advisory Desk



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