ECONOMY

Luxury tax notices sent out by Greek authorities

Notices for an increased luxury tax are being sent out this week by authorities, who are seeking to collect up to 130 million euros from the levy.

Owners of cars with an engine capacity of 1,929 cc or over, swimming pools, gliders, helicopters or airplanes are among those who will have to pay an extra tax.

The tax was first introduced in 2011 as a one-off but since then the levy has doubled and will now remain as a permanent fixture in the country’s tax code.