On 10 October 2019, the Greek Revenue Authority (AADE) published Circular E. 2183 of 10 October 2019 on the deductibility of interest payments that have been grossed-up to include the tax amount. The circular describes that the tax paid is deductible along with the interest payment to the lender because both constitute a borrowing expense for the taxpayer. In particular, deductions shall be made for expenditure which: (a) is incurred in its interest or (b) correspond to a genuine transaction whose value is not lower or higher than the market value, on the basis of information available to the Tax Administration keeping records of transactions during the period in which are carried out and proved with appropriate supporting documents.