A Circular No. 1173 of 10 November 2017 was published, which lists the jurisdictions considered to have the current situation of preferential tax for the tax years 2016 and 2017. This list covers the participation exemption, expenses deduction ability, and the CFC regime.
According to the provisions of paragraph (b) of Article 65 (6) of Law 4172/2002, the States those in which the legal person or legal entity is subject to profit tax; or of income or capital whose rate is equal to or less than 50% of the tax rate of legal persons and legal entities that would be due in accordance with Greek tax provisions if he was a resident taxpayer or had a permanent establishment at Article 6 of the Income Tax Code in Greece. In 2016 list, Albania, Andorra, Anguilla, Belize, Bermuda, Bahamas, Bonaire, Bahrain, Bosnia and Herzegovina, British Virgin Islands, Bulgaria, Cayman Islands, Cyprus, Gibraltar, Guernsey, Ireland, Isle of Man, Jersey, Jordan, Kosovo, Liechtenstein, Macau, Macedonia, Maldives, Marshall Islands, Moldova, Monaco, Montenegro, Montserrat, Nauru, Oman, Paraguay, Qatar, Saudi Arabia, San Marino, Seychelles, Sri Lanka, St. Eustatius, Turks and Caicos Islands, United Arab Emirates, Uzbekistan, and Vanuatu are included. For tax year 2017 as States with preferential tax status the provisions of paragraph 1 shall be taken with the addition of Hungary.
