Insights

On 24 June 2026, the European Commission adopted an ambitious tax simplification package comprising two legislative proposals aimed at simplifying EU tax rules, reducing compliance burdens for businesses and strengthening the competitiveness of the Internal Market.

Greek Law 5321/2026, enacted on 20 July 2026 (the Greek AI Law), establishes national implementing measures for Regulation (EU) 2024/1689 (the EU AI Act).
The Greek AI Law creates a comprehensive framework for the regulation of AI systems in Greece.

Law 5316/2026 was voted by the Greek Parliament on 2 July 2026 and transposes Directive (EU) 2023/970 into Greek law by amending several Articles of the Greek Labor Code. The aim of this Briefing is to present the other amendments introduced by the Law to the Greek Labor Code on employment and pension matters, independent of the provisions concerning the transposition of the Directive, and specifically to provide an overview of the Articles in Parts B and C of the Law, which took effect on 6 July 2026.

On 26 June 2026, new Regulation (EU) 2026/1386 on the screening of foreign investments into the Union was published (the New EU FDI Regulation). The New EU FDI Regulation will apply from 17 January 2028, and the current FDI Regulation 2019/452 will be repealed with effect from the same date. 

Law 5316/2026 was voted by the Greek Parliament on 2 July 2026. It transposes Directive (EU) 2023/970 into Greek law by amending several Articles of the Greek Labor Code. The purpose of the Directive is to eliminate the gender pay gap for equal work or work of equal value, create transparent conditions for pay determination and progression, strengthen enforcement mechanisms and ensure access to effective remedies and restoration for affected workers.

This Briefing is intended for non-EU citizens who wish to invest in Greece, with a minimum capital commitment of €500k. Through such an investment, investors gain two significant benefits:
1.   eligibility for a favorable alternative taxation regime; and
2.   a residence permit in Greece for a minimum period of five years, with the right to travel freely within the European Schengen Area.

In view of the first application of the submission of Top-up Tax Information Returns (GIR Return), and in order to facilitate liable entities that are members of Multinational Enterprise Groups, Decision A.1131/2026 extends the filing deadline for financial years ending on or before 31 March 2025 to 30 October 2026 (initially 30 June 2026).

Greece published on 21 June 2026 a draft law to implement the EU Artificial Intelligence Act (the EU AI Act) on a national level (the Draft Law). The Draft Law is currently open for public review and consultation (until 6 July 2026).

The Draft Law includes provisions concerning national oversight, innovation support, public sector use of AI systems and enforcement.