North Macedonia appears on Greece's 2024 list of privileged tax regimes
Greek ministerial decision places 42 jurisdictions — including North Macedonia — on the 2024 list of states with a "privileged tax regime."
North Macedonia is among 42 countries that Greece has listed as jurisdictions with a "privileged tax regime" for the 2024 tax year, the Greek authorities said, a classification aimed at identifying states where corporate tax rates are significantly lower than those that would apply if the entity were a Greek tax resident or had a permanent establishment in Greece.
The measure was set out in a ministerial decision titled "Determination of the countries that have a privileged tax regime, pursuant to paragraphs 6 and 7 of article 65 of Law 4172/2013, for the tax year 2024," which was published in the Government Gazette of Greece and signed by the minister and deputy minister for National Economy and Finance, Kyriakos Pierrakakis and Dimitris Markopoulos.
How the list is drawn up
The decision explains the test used to designate jurisdictions: "a legal person or legal entity is subject to a profit, income or capital tax whose tax rate is equal to or lower than 60 percent of the tax rate of legal persons and legal entities that would be due under the provisions of Greek tax law," if they were tax residents or had a permanent establishment in Greece. That 60 percent threshold is the criterion applied for the 2024 list.
Based on that rule, the Greek list for 2024 includes 42 countries and territories. From Europe, apart from North Macedonia, the list names Albania, Andorra, Bulgaria, Cyprus, Kosovo, Bosnia and Herzegovina, Montenegro, Monaco, Hungary, Ireland, Liechtenstein and Moldova.
The classification is administrative and affects how Greek tax authorities treat companies and legal entities with links to the listed jurisdictions for cross-border tax purposes. Firms operating in or from the named countries may face closer scrutiny under Greek rules designed to limit the tax benefits of low-rate regimes.
Authorities typically update the list annually; the 2024 decision repeats and formalises the jurisdictions that meet the stated criterion for this tax year.
Photo: press material from the event
