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 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 MoreGreece updates classification criteria for business size categories
The Greek Official Gazette published Law No. 5164 on 24 December 2024, which transposes key EU directives related to sustainability and business size, while also revising tax incentives for specific investments. The law implements EU Directive
Read MoreGreece announces new tax rules for venture capital mutual funds (AKES funds)
Greece’s Law 5162/2024 introduces amendments to the taxation framework for venture capital mutual funds governed by Law 2992/2002, known as AKES funds. New tax rules for venture capital mutual funds (AKES funds) AKES funds established on 1
Read MoreGreece enacts participation exemption for intra-group dividends, capital gains
The Greece Ministry of Finance has enacted legislation Bill 5162/2024 on 5 December 2024 which introduces a participation exemption regime for intra-group dividends and capital gains received by Greek tax-resident legal entities from non-EU
Read MoreGreece enacts 2025 tax reform measures
Greece has published Law No. 5162 in the Official Gazette on 5 December 2024 enacting 2025 tax reform measures. The legislation eliminates the business (trade) tax for all individuals and extends the suspension of capital gains tax on the
Read MoreEuropean Commission applauds Greece’s pledge to align tonnage tax with state aid rules
The European Commission in a release on 25 November 2024 announced that the acceptance by Greece of the appropriate measures proposed by the Commission to bring the existing Greek tonnage tax scheme and related measures in line with State aid
Read More