Tax regulation mechanism I (Law No. 2238/1994 on the Income Tax)
Updated: 17.01.2019
Author: Georgios Maroulis
Law No. 2238/1994 provides for an income tax relief for natural and legal persons who have performed an energy upgrading of their building either at their own expense or through participation in national programmes (e.g. Exoikonomo).
Eligible technologies
The programme primarily supports solar-thermal energy. However, all RES-H technologies are theoretically eligible.
| Aerothermal energy | Eligible (art. 9 par. 3jd Law No. 2238/1994 in conjunction with art. 2 par. 2a Law No. 3468/2006). |
|---|
| Hydrothermal energy | Eligible (art. 9 par. 3jd Law No. 2238/1994 in conjunction with art. 2 Par. 2c Law No. 3468/2006). |
|---|
| Biogas | Eligible (art. 9 par. 3jd Law No. 2238/1994). |
|---|
| Biomass | Eligible (art. 9 par. 3jd Law No. 2238/1994). |
|---|
| Geothermal energy | Eligible (art. 9 par. 3jd Law No. 2238/1994 in conjunction with art. 2 par. 2b Law No. 3468/2006). |
|---|
| Solar thermal energy | Eligible (art. 9 par. 3jd Law No. 2238/1994). |
|---|
Amount
10% of the project costs may be deduced from taxable income (up to a maximum of € 3,000).
Addressees
Natural and legal persons of Greek nationality and Greek descent (art. 2 Law No. 2238/1994).
Procedure
Process flow | All Greek nNatural and legal persons of Greek nationality and Greek descent are obliged to complete an annual income tax return, on which their income tax bill will be based (art. 1 Law 2238/1994).
The expenditure for the installation of an RES H&C plant is calculated and deducted from the income tax (art. 9 par. 3jd Law No. 2238/1994). |
|---|
Competent authority | Greek Ministry of Finance (art. 108 Law No. 2238/1994). |
|---|
Distribution of costs
| State | The scheme is financed from the national budget, i.e. the state receives less tax revenue. |
|---|
Greece
