Greek shipowners fear impending tax surge

Tax on dividends and frequent bank account controls are just some of the proposals Greek shipowners fear could be underway. "The tax increases could be extensive," Greek shipping consultant Marina Tzoutzouraki tells ShippingWatch.

Demonstrationer i Athens gader i forbindelse med redningspakken. Photo: Anthon Unger/POLFOTO/arkiv

Alexis Tsipras of left-wing party Syriza on Sunday was able to renew his mandate as he was reelected as the country’s prime minister. With the victory at the election it, it will likely not be long before the Greek maritime cluster gets complete clarification about which conditions will apply to the industry going forward. A few details and plans for the country’s major cluster have been announced since Greece in mid-August agreed to a third financial bailout from the EU and the IMF – but not much concrete.

Now the government has to react on the many promises of large-scale reforms that were promised as part of the deal, and it will not take long, projects experienced shipping consultant Marina Tzoutzouraki of consulting firm Dagmar Navigation. The matter concerns a privatization of the country’s ports, a process that is already underway, and not least a new tax scheme for the Greek maritime cluster. Right now most stakeholders are waiting to see what happens, but there is a degree of nervousness among Greek shipping companies which own or operate few ships or smaller fleets.

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