After postponing the introduction of a Greek capital gains tax several times, this tax will now apply satrting from January, 1, 2012. Investors liable for income tax in Greece will be subject to the capital gain tax.
With regard to old positions, the sales tax of 0.2% continues to apply on all securities purchased prior to 1 January 2012. Securities purchased after December, 31, 2011 will not be taxable for foreign investors any longer. Greek investors, on the other hand, will have to pay capital gains tax on securities acquisitions taking place after December, 31, 2011.