Greece: AADE publishes a Circular regarding MCAA
On 22 April 2021, the Public Revenue Authority (AADE) published Circular A.1092 of 22 April 2021, which determines the lists of jurisdictions with which Greece wants implement the Multilateral Competent Authority Agreement on the exchange of
See MoreGreece: Finance Ministry announces tax relief measures due to COVID-19 outbreak
In response to covid-19 outbreak, the Finance Ministry announced tax relief measures for households and businesses, including: The provision for the possibility of paying the income tax of natural and legal persons of the tax year 2020, in eight
See MoreGreece deposits BEPS MLI ratification instrument
On 30 March 2021, the OECD announced that Greece has deposited its ratification instrument for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI will enter into force for
See MoreGreece: AADE publishes a guide regarding the COVID-19 effects on TP issues
On 10 March 2021, the Greek Public Revenue Authority (AADE) published Circular Ε. 2054 of 10 March 2021, providing general guidance of how to deal with the adverse effects of the COVID-19 pandemic on transfer pricing issues. The guidance is
See MoreGreece: Tax Authority describes interest deduction limitation rules
On 11 January 2021, the Greek Public Revenue Authority (AADE) published Circular Ε. 2004 of 11 January 2021, which describes the application of the rule of limitation of interest as amended from 1 January 2019. According to the Circular, the
See MoreGreece publishes a Law for the ratification of BEPS MLI
On 26 January 2021, the Government Officially published Law No. 4768 to ratify the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). Greece must now deposit its ratification
See MoreGreece: Revenue authority extends the DAC6 reporting submission deadline
On 27 January 2021, the Greek Public Revenue Authority (AADE) published Circular A. 1017 of 27 January 2021 regarding the delay of the initial reporting obligations for DAC6 cross-border arrangement. Under the Circular, the 30-day reporting period
See MoreGreece: Parliament considers a Bill to extend tax return filing deadline
On 26 January 2021, the Parliament considered a Bill to extend the filing deadlines for the 2019 income tax returns of foreign tax residents up to 30 June 2021 instead of 26 February 2021 due to COVID-19 pandemic. The Bill proposed to extend the
See MoreGreece: Parliament approves a Bill to ratify BEPS MLI
On 21 January 2021, the Parliament approved the Bill for ratifying the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI). Greece must now deposit its ratification instrument to bring the MLI into force for its
See MoreGreece: MoF extends the deadline for beneficial ownership declaration
On 30 December 2020, a decision of the Deputy Minister of Finance, Mr. George Zavvos, was signed, which extends the deadline for the registration of beneficial ownership (UBO) information in the UBO registry from 31 December 2020 until 1 February
See MoreGreece: AADE publishes preferential tax regime status for the 2019
On 7 December 2020, the Greek Public Revenue Authority (AADE) published Circular No. A.1267 of 7 December 2020, which determines the states that have a preferential tax regime based on the provisions of par. 6 and 7 of article 65 of law 4172/2013
See MoreGreece: The AADE extends customs and VAT exemption regarding imported goods
On 2 November 2020, the Greek Public Revenue Authority (AADE) published Circular E. 2179 of 2 November 2020 regarding the customs duty and VAT exemption on the import of personal protective equipment, respirators, disinfectants, and other medical
See MoreGreece: Finance Ministry extends annual certificate of tax compliance deadline
On 27 October 2020, the Finance Ministry announced that the filing deadline of the annual certificate of tax compliance is extended from 31 October 2020 to 30 November 2020. The filing obligations of the certificate is mandatory for corporations
See MoreGreece: Supreme Court makes a decision in favour of an informal company
On 23 October 2020, the Supreme Court has made a decision that an informal company cannot be subject to income tax provided by law 2238/1994. An informal company is a company that does not have legal personality because it lacks the constituent
See MoreGreece: Government publishes a Decision to extend the deadline of CIT and WHT return
On 30 September 2020, the Government published Decision no. Α.1219/2020, which provides that the submission deadline of income tax returns of legal entities and legal entities under article 45 of law 4172/2013 and returns of withheld income
See MoreGreece: Government publishes a Law amending APA rollback rules
On 31 July 2020, the Government Officially published Law 4714/2020, which amends the existing advance pricing agreement (APA) provisions. The new Law helps to comply with the minimum standard under Action 14 of the OECD’s base erosion and profit
See MoreOECD: Global Forum issues peer review reports on transparency and exchange of information
On 1 September 2020 the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes issued nine new second-round peer review reports containing details of their review and assessment of the compliance by nine jurisdictions
See MoreGreece: Parliament published two Laws to introduce various changes in transfer pricing context
On 31 July 2020 and on 29 July 2020, the Greek Parliament Officially published two Laws, L. 4714/2020 and L. 4712/2020 respectively regarding various sections of transfer pricing. The two Laws cover the following changes: Tax dispute Resolution
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