Bloomberg News

Greek Bourse Head Seeks Capital Gains Tax Delay, Euro2day Says

March 13, 2012

Greece’s Capital Markets Commission Chairman Costas Botopoulos and Athens Stock Exchange Chairman Socrates Lazaridis asked that a planned capital gains tax on share sales be further postponed to June, Euro2day.gr reported.

Botopoulos and Lazaridis sent a joint letter to Finance Ministry officials requesting implementation of the tax be postponed and proposing a tax-free threshold and a flat rate levy for any amount over the threshold of about 15 percent on gains from shares sold, the Athens-based website said, without citing anyone.

Greece’s government has already delayed the tax, which was set to take effect at the beginning of 2012, by three months.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net


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