The Public Revenue Authority has published a Circular 1198/2016 on 23rd December 2016 to provide explanations on the tax treatment of business re-organizations under the Income Tax Code (ITC). According to article 61 of Law 4438/2016, no tax, stamp duty or any other fee/contribution to the Greek state or any other third party is imposed with respect to the statutes, the contribution or asset transfers for companies involved in a business reorganization; the appropriate acts or agreements referring to the contribution or the transfer of rights of assets or liabilities or rights and obligations; the decisions of the statutory bodies of the companies involved; the shareholding in the capital of the new company; or any other agreement or act necessary for the business reorganization or the formation of the new company, publication in the General Electronic Commercial Registry or the registration of the relevant transactions. This provision on incentives for business reorganizations under the ITC applies in accordance with Law 4438/2016. It applies to decisions of the statutory body of the relevant companies in relation to any business reorganization where the decision was taken from 28th November 2016 onwards. It aims to give uniform treatment for business reorganizations under the ITC and investment laws.
«
DTA between Chile and Japan enters into force
Related Posts

Greece issues form, instructions for 2024 corporate tax return
The Greek Public Revenue Authority (AADE) issued Decision No. A. 1020 on 11 February 2025, introducing the form and defining content of the corporate income tax return for the 2024 tax year, along with relevant instructions. The Decision applies
Read More
Greece: Finance Minister unveils draft law to strengthen capital market and attract investments
The Greece Minister of National Economy and Finance, Kostis Hatzidakis, presented the draft law for the Strengthening of the Capital Market, which was recently approved by the Cabinet. This announcement was made by Greece National Economy and
Read More
Greece: PM unveils bill to boost capital market, regulate cryptocurrencies
Greece’s Prime Minister Kyriakos Mitsotakis announced a new bill to support the capital market and regulate the growing cryptocurrency sector on 10 January 2025. The proposed legislation focuses on encouraging companies to list on the stock
Read More
Greece expands debt relief and VAT policies amid economic reforms
The Greek Ministry of National Economy and Finance announced changes to its debt relief framework, aiming to provide stronger protection for thousands of borrowers. The initiatives announced on 5 February 2025 expand the scope of the
Read More
Greece: EU Council approves mandatory e-invoicing plan
The EU Commission has published a proposal for a Council Implementing Decision, on 13 January 2024, authorising Greece to introduce a special measure derogating from Articles 218 and 232 of Directive 2006/112/EC to be able to impose mandatory
Read More
Greece updates 2023 non-cooperative jurisdictions list
The Greek Public Revenue Authority has updated the list of non-cooperative states and jurisdictions for 2023 which includes 41 countries and territories. This decision was finalised on 31 December 2024. Key changes from the 2022 list include the
Read More