Greece: AADE issues preferential tax regime jurisdictions list for tax year 2022
On 27 December 2023, the Greek tax authority (AADE) released Circular No. A.1205, outlining which jurisdictions qualify as preferential tax regimes for the 2022 tax period. The list comprises nations where the corporate income tax and capital gains
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Greece implements public CbC reporting
On 14 November 2023, Greece published Law No. 5066/2023 in the Official Gazette implementing public Country-by-Country (CbC) reporting in compliance with Directive (EU) 2021/2101. The Law conforms to the directive and sets the public reporting
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Greece issues a draft bill on CbC reporting requirements for public consultation
On 19 October 2023, the Greek Ministry of Development issued a draft bill for consultation that provides for the introduction of public Country-by-Country (CbC) reporting in compliance with Directive (EU) 2021/2101. The bill conforms to the
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Greece publishes draft Budget for 2024
On 2 October 2023, Greece submitted the 2024 draft budget to the parliament, which encompasses the following proposed modifications: The draft budget proposes raising the tax credit by EUR 1,000 for individuals who have one or more dependent
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Greece extends tax filing deadlines in areas impacted by September floods
On 25 September 2023, the Greek government extended the deadlines for filing several tax declarations to 30 November 2023 for taxpayers affected by the September 2023 floods. This extension applies to taxpayers whose registered office, branch of
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Greece enacts DAC7
On 7 September 2023, Greece published Law 5047/2023 in the Official Gazette, which transposes EU Council Directive No. 2021/514 (DAC7) into Greece law to implement new rules on the exchange of information on income generated through digital
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Greece: AADE extends deadlines for income tax returns for the tax year 2022
On 5 September 2023, the Greek Public Revenue Authority (AADE) issued Decision A.1131, extending the tax return deadline for individuals and businesses in areas affected by the wildfires of August 2023. This includes extending the deadline for
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Greece: AADE announces decision remain unchanged interest rates for late and undue tax payment
On 9 August 2023, the Greek Public Revenue Authority (AADE) issued Decision A.1121 of 3 August 2023. Greece has opted to keep the existing interest rates for late tax payments and the refund of improperly paid taxes intact, despite an upward
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Greece implements timelines and guidelines for exchange of tax information requests
On 21 June 2023, Greece has issued a circular outlining a comprehensive framework for the exchange of information, streamlining the process and setting specific timelines. The circular encompasses various mechanisms, including bilateral tax
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Greece introduces new process for fossil fuel companies on temporary solidarity contribution return
On 8 June 2023, the Greek Public Revenue Authority (AADE) has recently issued Decision A. 1069, outlined the necessary procedures and return form for the temporary solidarity contribution imposed on fossil fuel companies. This move aligns with
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Greece: Public Revenue Authority publishes frequently asked question on CbC Report
On 24 February 2023, the Public Revenue Authority released frequently asked question (FAQ) document in English providing the elaborate description of country-by-country (CbC) reporting, related OECD Country-by-Country reporting guidelines and
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Greece increases additional deduction for advertising expenses
On 21 December 2022, Greece published Law No. 5005 in the Official Gazette, which extended the application of the 30% special deduction for advertising expenses to the tax year 2023 as well as 2022. In some circumstances, a 100% additional deduction
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Greece introduces simplifies tax refund procedure for legal entities
On 14 November 2022, the Greek Public Revenue Authority (AADE) published Decision A. 1160 in the Official Gazette regarding the simplified income tax refund procedures for legal entities. Accordingly, if entities file their corporate income tax
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Greece: Parliament adopts a draft bill to update code of tax procedure
On 27 October 2022, the parliament of Greece adopted a tax law ratification bill for consideration. The bill includes the following measures: Includes definitions; Establishment of regulatory procedures for tax declaration and payment;
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Greece: AADE extends annual certificate of the tax compliance deadline
On 21 October 2022, the Greek Public Revenue Authority (AADE) published Decision A. 1141 on the official website regarding the filing deadline for the annual certificate of tax compliance issued by certified accountants and auditing companies. AADE
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Greece amends corresponding adjustment provisions for Transfer Pricing
On 23 September 2022, Greece published Law No. 4972/2022 in the Official Gazette containing various tax measures including transfer pricing. The law amends an existing provision on transfer pricing adjustments upwards to provide for corresponding
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Greece introduces new tax incentives
On 29 July 2022, Greece enacted legislation (Bill 4957/2022) that provides new research and development (R&D) tax incentives for companies. The law includes the following measures: -Provision of a deduction for R&D-related business
See MoreGreece publishes lists of Jurisdictions for Automatic Exchange of Information on CbC reporting
Recently, the Ministry of Finance published a decision containing the list of jurisdictions to which it will apply the OECD Agreement on the Automatic Exchange of Information on Country-by-Country Reporting (CbC) (2016) in 2022 concerning the
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