Bilateral tax treaty between Greece and Australia to be negotiated next year


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, the Federal Treasurer, Josh Frydenberg, has announced.

The Morrison Government’s plan will allow Australia to enter into 10 new and updated tax treaties by 2023, building on our existing network of 45 bilateral tax treaties.

The plan will ensure Australia’s tax treaty network will cover 80 per cent of foreign investment in Australia and about $6.3 trillion of Australia’s two-way trade and investment.

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.

READ MORE: Double Taxation Agreement between Greece and Australia only a matter of time.

Federal Treasurer, Josh Frydenberg, announced the tax treaty.

The Government welcomes views from the public to inform the negotiations and will be consulting with interested stakeholders.

Tax treaties improve tax system integrity through the establishment of a bilateral framework of cooperation on the prevention of tax evasion, the collection of tax debts and rules to address tax avoidance.

Businesses will be provided with greater tax certainty which will encourage increased economic integration through foreign investment and trade.

In the 2020-21 and 2021-22 Budgets, the Government provided $11.6 million to Treasury and the Australian Tax Office to support this expansion of our tax treaty network.

READ MORE: Betty Alexandropoulou on trade and double taxation agreement between Australia and Greece.




By subscribing you accept our Terms of Service and Privacy Policy.


Latest News

Fifty years strong: Celebrating the enduring legacy of Modern Greek at Sydney University

The Department of Modern Greek at the University of Sydney marks its milestone 50th anniversary this year and to celebrate, more than 100 past...

HACCI SA celebrate one year since revival with annual Parliament House event

By Peter Tantalos The South Australian Hellenic Australian Chamber of Commerce and Industry (HACCI SA) commemorated the first anniversary of its revival by hosting its...

AHEPA NSW to mark 90 years of service

AHEPA NSW will mark 90 years of service to Hellenism and to Australia since the founding meeting at the northern NSW town of Werris...

Tom Koutsantonis MP gets extra portfolio in SA Cabinet reshuffle

In a recent South Australian government cabinet reshuffle, Tom Koutsantonis was given an extra portfolio following the resignation of Independent MP, Geoff Brock. According to...

Stefanos Tsitsipas knocks back Maria Sakkari’s Olympics offer for ‘dream with brother’

Greek tennis champion, Stefanos Tsitsipas has revealed that he is unlikely to play mixed doubles with his Greek compatriot, Maria Sakkari at the 2024...

You May Also Like

House of Mosaics in Sparta officially inaugurated

The House of Mosaics in Sparta hosted its first official inauguration on Monday, November 21, a year after opening to the public.  The museum, which...

Comedy and connection: The view through Arianna Papalexopoulos’ lens

By Marianna Alepidis Have you ever been asked ‘do you speak Greece?’ when someone finds out about your Greek heritage? Or perhaps, ‘do you believe...

Greek patient who recovered from COVID-19 tests positive again

A female patient who had apparently fully recovered from COVID-19 at the end of March, has tested positive to the virus again following her...