Announcement regarding the Special Contribution on Foreign Exchange Operations (CEOC), approved within the scope of the 2024 State Budget.

Dear Client; 

We would like to inform you that, as part of the General State Budget for 2024, the introduction of the Special Contribution on Foreign Exchange Transactions (CEOC) was approved, applicable to all transfers in foreign currency abroad made by natural and legal persons with their domicile or registered office in national territory, including contracts for the provision of services, technical assistance, consultancy and management, capital operations and unilateral transfers.
 
Accordingly, as of today (1 February 2024), the above transfers will be subject to the following rates, calculated on the value of the transfer in national currency:


 - Legal Persons 10%

 
 - Individuals 2.5%

 
Transfers for the following purposes are exempt from this contribution (CEOC):

- Health and/or education expenses, provided they are made directly to the respective health and/or education institutions;

- Repatriation of dividends and loan capital, including interest;

- Goods.


The following are also exempt from this special contribution (CEOC):

- The State and any of its organs, establishments and bodies, even if personalised;

- Diamond companies and oil investment companies.

 
We also emphasise that Public Institutes and Public Companies are subject to the CEOC.

The price list will be adjusted accordingly.

For more information, please contact Customer Support or your manager.