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 announces 2024 tax return deadlines
The Greek Public Revenue Authority (AADE) has announced the commencement of corporate and personal income tax return filing for the 2024 tax year. Corporate income tax returns: For businesses whose tax year ends on 31 December 2024:
Read More
EU publishes the authorisation of Greece to enforce e-invoicing
The European Union’s Council Implementing Decision 2025/502 (the Decision), which grants Greece authorisation to implement a special measure deviating from Articles 218 and 232 of the VAT Directive (2006/112), was published On 13 March
Read More
Greece launches public consultation on capital market strengthening bill
The Greece Ministry of National Economy and Finance has opened a public consultation on a Bill titled "Strengthening the capital market" on Thursday, 27 February 2025 , which proposes new tax incentives aimed at supporting small and medium
Read More
Greece clarifies fuel tax exemption for cruise ships without passengers
Greece's tax authority issued Circular E 2012/2025 to clarify fuel tax exemptions for professional cruise ships moving without passengers on 17 February 2025. The exemption applies in two cases: when a ship relocates between ports for the start
Read More
Greece updates VAT exemption procedures for exports and intra-community deliveries
Greece has updated the VAT exemption procedures for exports and intra-community deliveries through Decision No. A 1154/2024 on 17 February 2025, published in the Official Gazette. The changes focus on improving compliance with current
Read More
Greece, UAE tax treaty terminated
The Greek Public Revenue Authority (AADE) has announced that the 2010 tax treaty between Greece and the UAE was terminated on 18 December 2024. This follows the stipulations outlined in Article 30 of the treaty, which specified that the agreement
Read More