Greece: New tax crime sheet
A new tax crime sheet was introduced on 12th September 2013, aimed at streamlining fines enforced by tax agencies. For non-issuance of tax papers like invoices, retail receipts, etc in respect of purchases or services rendered of up to €5,000,
See MoreGreece: Extension of Deadline for submission of certain tax returns
The deadline for submission of the tax returns for taxpayers falling into the scope of article 4 of paragraph 2 of the Income Tax Code has been extended until 31 May 2013, by the Ministry of Finance and all the tax returns are to be submitted solely
See MoreGreece: Introduction of new Advance Pricing Agreement and Improvements of transfer pricing framework
Tax Law 4110/2013 was circulated in the Govt. Gazette on 23th January 2013. Aside from some major amendments on taxation of natural person and corporate income taxation, the new law includes an improvement of the Greek transfer pricing regulatory
See MoreGreece: New Transfer Pricing Documentation Rules
The Greek Parliament passed Income Tax amendments in January 2013 which changes to the transfer pricing provisions have been included. In Greece’s income tax law Article 39 and 39A have been repealed by new measures. According to the amendments
See MoreImportant tax amendments in Greece in 2013
A very important tax amendment has been passed by Greece’s Parliament regarding income and corporate tax. In the new tax bill the corporate income tax rate has been increased from 20% to 26% in 2013. But the good news is the reduction of the
See MoreNew Tax Reform Bill for Greece
On 14 December 2012, the Greek government submitted draft legislation to parliament to simplify the tax system. According to the new bill people earning more than 42,000 Euros ($55,000) per year will now be taxed at a new top rate of 42 percent
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