Which transactions are excluded from counting in building the tax deduction?

Non-consumer expenses are excluded from counting in building the tax deduction. These are the following:

  • Rents
  • Vehicle Circulation Tax 
  • Purchase of vehicles (cars, motorcycles)
  • Purchases of vessels, aeroplanes and aircraft
  • Purchases of residences, plots and other real estate properties
  • Payments of assessed amounts due to the State, of taxes, contributions etc
  • Payments of loan instalments
  • Purchases of investment products (shares, bonds etc.)
In addition, the following are excluded from counting in building the tax deduction:

  • Payments on cards
  • Transactions with corporate cards
  • Transactions with unidentified prepaid cards
  • Transactions in cash
  • Cash withdrawals at Automatic Teller Machines (ATMs) or at the cash desk of the payment services provider
  • Transactions involving fund transfers and deposits to third parties
  • Purchases from non-EEA countries
Additionally, expenses made with cards issued abroad do not count.

Finally, expenses in the “Health” category (of ELSTAT's Consumer Price Index) which concern medical and pharmaceutical care (doctor’s fees, hospitalisation expenses, diagnostic centres, medicines, pharmaceutical goods etc.) are excluded. For these expenses, a tax discount of 10% is foreseen (up to a maximum amount of Euro 3,000), provided that they exceed 5% of the taxable income and have been made using card-based payment means or other electronic payment means. 

Expected Ministerial Decisions are awaited for further clarification.

Useful Security Tips

  • Alpha Bank will never ask you for your access codes in any way (e.g. via phone or e-mail). These codes are strictly personal and you must never reveal them to anyone.
  • Select access codes that are not easily guessed and are not being used on other systems and services.
  • Keep the access codes confidential in a way that it is not feasible to be disclosed / stolen.
  • Log in to Alpha Web Banking only via the official website of Alpha Bank (www.alpha.gr) and never via other links appearing on other websites, search engines or e-mail messages.
  • Verify the validity of the Alpha Web Banking page and the security certificate by clicking on the lock icon in the address bar of the browser.
  • Update your PC with the latest versions and security patches of the operating system (e.g. Windows) and the browser (e.g. Internet Explorer, Firefox).
  • Inspect regularly your PC for viruses and other malicious programs using the latest versions of antivirus and antimalware utilities.
  • Ignore and delete immediately suspicious e-mails that ask you to provide your personal data, include links or attachments.
  • Find here more tips and instruction for your transactions’ protection. 
Continue