Greece Provides Rent Relief for Companies for COVID-19 and Related Tax Relief for Property Owners

The Greek Ministry of Finance has announced a 40% reduction in rent for commercial and residential property for the month of April in order to support companies and their employees during the COVID-19 pandemic. For property owners suffering a loss of income due to the reduction, a four-month suspension of tax obligations and tax installments is provided. For property owners that do not take advantage of the suspension, a 25% discount on the tax obligations is provided if paid within standard…