Public Revenue Authority of Greece published clarification on transactions of real estate companies and comparables data. The Public Revenue Authority issued document ΔΕΑΦΒ 1136663 ΕΞ 2015/21.10.2015 to clarify that the transfer pricing documentation requirements as set out by the Income Tax Code and the Procedural Code do not apply in respect of transactions made by real estate investment companies as property investment companies are taxed under a special tax regime.
The Public Revenue Authority also published Circular POL 1227/2015 on 20 October 2015 to clarify that taxpayers may use the same comparables in the 2 subsequent fiscal years. The comparative data can now be used for 3 years in total.
