Tax incentives
Tax Relief & Deductions for Businesses: What You Are Entitled to in 2026
Published · 7 min read · NS Accounting & Tax Office
Many businesses do not take advantage of tax incentives and deductions they are already entitled to, simply because they are unaware of them. With the recent announcements of new tax measures for businesses, the landscape is changing again. NSTAX, an accounting firm in Athens, brings together the most important business tax relief opportunities in this article.
Accelerated Depreciation for Productive Investments
A new depreciation framework provides stepped rates (10%-10%-15%-15%-25%-25%) for businesses making new productive investments, creating a stronger incentive for faster tax depreciation of invested capital compared with the previous regime.
Enhanced Expense Deductions in Strategic Sectors
An enhanced deduction regime of up to 100% is being introduced for expenditure in specific strategic sectors, alongside a fast-track licensing incentive for strategic investments. Businesses operating or planning to invest in these sectors should examine whether they meet the conditions.
Incentives for Business Property
A three-year income tax exemption is planned for vacant properties placed into long-term rental, together with a tax deduction for building upgrade expenditure and an extension of the VAT suspension on new buildings. Businesses with idle property can benefit significantly by making use of these incentives.
New Financing Tools for Small and Medium-Sized Businesses
New financing tools are being created through the Hellenic Development Bank to support small and medium-sized businesses, complementing direct tax incentives with easier access to capital.
See also our guide to ESPA programmes and subsidies.
5 Practical Steps to Make Use of the Incentives
An accurate view of your financial figures is essential. Read our guide to balance sheets and financial statements and explore NSTAX services for businesses.
1. Record your planned investments
Before making an investment, check whether it falls under accelerated depreciation or an enhanced deduction regime — the timing of the decision can affect the tax benefit.
2. Check whether your sector is considered strategic
The 100% enhanced deductions concern specific sectors — a brief review may reveal that your business qualifies for a benefit you did not know about.
3. Assess your business’s idle properties
If you own vacant properties, placing them into long-term rental may provide a three-year tax exemption.
4. Learn about the new financing tools
Before seeking private finance, check whether one of the Hellenic Development Bank’s new tools fits your needs.
5. Consult an accountant before deciding
Many of these incentives have specific conditions and deadlines — timely advice ensures that you do not miss an opportunity.
Frequently asked questions
Do all these incentives apply immediately from 2026?
Do all measures apply to every type of business?
How can I find out whether my business qualifies for any of these incentives?
Do I need to act now, or can I wait?
Would You Like to See Which Incentives Apply to Your Business?
NSTAX, an accounting and tax firm in Athens, systematically monitors legislative developments and helps businesses identify and make use of every available tax incentive. Contact us for a personalised assessment.
These measures were announced recently and are partly still being legislated — the final terms may differ. Contact us for the current position and how it applies to you.