Greece advances six-year machinery tax-depreciation proposal

Legislative stage

The Ministry of National Economy and Finance filed the bill on 3 November 2026. The Parliament tracker places it before the Standing Committee on Economic Affairs and records 9 November as the latest committee-processing date. It also warns that the reproduced bill is not the final text because orthographic and syntactic corrections remain pending. No enactment, Gazette publication or final commencement provision should therefore be inferred.^[1]

Proposed depreciation schedule

Article 7 would amend Article 24(4) of Greece’s Income Tax Code, Law 4172/2013. The affected asset category is machinery and equipment other than computers and software. The current table applies a 10% annual tax-depreciation rate, spreading the cost over ten years.^[2]

The bill would instead prescribe 10% in each of the first and second years, 15% in each of the third and fourth years, and 25% in each of the fifth and sixth years. Those percentages total 100%, so the proposal changes the timing of cost recognition rather than creating a separate additional deduction. The first two years remain at 10%; acceleration begins in year three.^[2]

The impact analysis says the revised schedule would apply to fixed assets acquired in tax years 2027 and later. It presents the measure as an investment incentive intended to bring forward recognition of machinery costs and support renewal and modernisation of productive equipment. Computers and software remain outside this Article 7 asset category.^[2]

Practical points for groups

Groups with Greek entities or permanent establishments planning machinery expenditure from 2027 should identify which assets fall within the relevant Article 24 category and distinguish them from computers, software and other fixed-asset classes. Tax teams can model the proposed six-year timing now, but should retain the existing statutory treatment until Parliament completes the bill and the final enacted wording and commencement are verified. This focused brief covers Article 7 only and does not claim a whole-package review of the bill’s other tax, property, VAT, levy, savings or social-policy provisions.^[1][2]