Another chance for Greeks transferring cash from abroad

The Finance Ministry has pushed back a deadline allowing Greeks with cash deposits abroad to transfer the amounts to local banks without being subject to checks from the tax office.

Investors who deposit the large capital amounts in Greek banks by the end of September will not be subject to checks on the source of the funds, according to a draft bill submitted to Parliament by the Finance Ministry late on Monday.

The cash deposits are subject to an eight percent tax.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.