Greece and Australia launch taxation treaty negotiations

Greece and Australia kicked off the first round of negotiations for a Double Taxation Agreement on 23 February, announced the Australian Embassy in Athens.

The negotiations “herald new trade and investment opportunities and improved tax efficiency for people who share their lives between Australia and Greece” said the Australian Embassy on its social media, adding that “the Double Taxation Agreement, once concluded, will be another important marker of the thriving bilateral relationship.”

The news comes after an announcement on expanding Australia’s tax treaty network by the Treasurer of Australia, the Hon Josh Frydenberg MP, in September 2021:

“The Morrison Government will expand Australia’s tax treaty network to support the economic recovery and ensure Australian businesses are well placed to take advantage of the opportunities that will emerge in the coming years.

“Negotiations with India, Luxembourg and Iceland are occurring this year as part of the first phase of the program. Negotiations with Greece, Portugal and Slovenia are scheduled to occur next year as part of the second phase.”