NewsCase StudiesEvents

Greek TEA EAPAE (Pension Fund) Declaration 2015

Also in the news...

International Trade Week launched to support new exporters

Trade department support for exporters in week-long event taking place next month

Moving Abroad For Work: How To Manage Your Finances

Relocating to a new country to start a business or get an exciting new role is an exhilarating process, but you need to make sure that you’re fully prepared.

International Trade Secretary opens the Global Investment Summit

Secretary of State for International Trade, Anne-Marie Trevelyan, welcomes overseas investors and delegates to the Global Investment Summit in London.

Croatia: providing services and travelling for business

Guidance for UK businesses on rules for selling services to Croatia.

Prime Minister and Bill Gates launch £400m partnership to boost green investment

The strategic partnership with the Breakthrough Energy Catalyst will mobilise £200 million of private sector funding over 10 years.

Greek TEA EAPAE (Pension Fund) Declaration 2015

Back to News

Our Managing Director in Athens provides an update to insurance companies on their obligations to the Greek TEA EAPAE.

As previously announced, the requirement for insurers to make a contribution to the Greek TEA EAPAE (Pension Fund) was abolished by law 4254/2014 as of 1 January 2015.

Following this development the Fund appealed to the Government concerning this decision. TMF Group has been informed by the TEA EAPAE department that there is an agreement between the Association of the Greek Insurance companies and the TEA EAPAE regarding "new" contribution rates with a 40% reduction (effectively the old 1% contribution becoming 0.6%, the 2% contribution becoming 1.2%).

The Minister of Labour and Social Security approved the changes and this decision has been published in the National Gazette. No law has been published that either cancels the previous one or imposes contributions to the TEA EAPAE.

  • The Fund have requested a declaration for the period of January to September 2015 by 20 October, and a payment for January to June 2015 by 31 October.

Given the information currently available, your legal department should decide whether you submit the declarations and make the payment.

For additional information please get in touch with Yannis and his expert team in Greece.


You are not logged in!

Please login or register to ask our experts a question.

Login now or register.