Chapter 1. Privileges and Tax Immunities of Mount Athos

Article 2

Mount Athos is granted customs and tax privileges:

a. The customs privileges consist in the ability of its monasteries and other foundations (sketes, kellia, etc.) to import any goods worth up to one thousand golden drachmas per monk. Responsibility for monitoring flaws in the customs regime is assigned by a special agreement between the Ministry of Finance and the Hiera Koinotis.

b. The tax privileges of Mount Athos are as follows:

1. Produce from Athos is exempted from any tax on land income and other direct income.
2. Transfer of and income from any property located on Mount Athos are exempted from taxation. This exemption extends to include handworkers (monks), but not the merchants who are practicing their trade on Mount Athos.
3. Monks living on Mount Athos are exempt from consumption taxes on products fabricated and consumed in situ, save for the tax on tobacco, powder, and other explosive substances, and goods subject to a monopoly. The amount of goods exempt from taxation will be determined by a special agreement between the Ministry of Finance and the Hiera Koinotis.
4. All contracts governing the transfer of rights to real estate on Mount Athos and drawn up by the competent monasterial authorities or the Hiera Koinotis are exempt from a stamp tax.