Greece: Supreme Court makes a decision in favour of an informal company

26 October, 2020

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

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Greece: Government publishes a Decision to extend the deadline of CIT and WHT return

05 October, 2020

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

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Greece: Government publishes a Law amending APA rollback rules

04 September, 2020

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

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OECD: Global Forum issues peer review reports on transparency and exchange of information

02 September, 2020

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

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Greece: Parliament published two Laws to introduce various changes in transfer pricing context

12 August, 2020

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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Greece: Parliament approves Law regarding deduction on R&D expenditures

10 August, 2020

On 27 July 2020, the Parliament approved a Law, which provides the increased deduction of research and development (R&D) expenditures. The increased deduction applies from 1 September 2020. To claim 100% deduction, supporting documentation for

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DAC6 Updates: Optional deferral of DAC6 reporting deadlines

30 July, 2020

On 24 June 2020, the European Council reached agreement on an optional 6-month postponement to the reporting deadlines for relevant taxpayers under EU Directive 2018/822 (DAC6), and a delay to the exchange of information under

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Greece: Government publishes a draft legislation to extend the DAC6 reporting deadline

29 July, 2020

Due to coronavirus outbreak, the European Commission has recently agreed to delay the entry into force of certain European Union (EU) taxation measures. Among these is the delay of Council Directive 2018/822, commonly known as the Directive on

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Greece: Finance Ministry published a Bill regarding anti-hybrid rules for public consultation

13 July, 2020

On 7 July 2020, the Ministry of Finance published a draft bill related to the transposition of anti-hybrid rules for public consultation. This Bill includes a new article, Article 50 to amend the Article 66B and covers to the extent in where a

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Greece: Finance Ministry announces COVID-19 relief measures for July to September 2020

06 July, 2020

On 3 July 2020, the Finance Ministry and the Ministry of Labor & Social Affairs announced the progress of additional measures to support employees and companies for the period July to September 2020. The relief measures include: Granting of

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Greece: Finance Ministry announces to extend the deadline of income tax return for 2019

18 June, 2020

On 18 June 2020, the Ministry of Finance announced that the deadline of income tax return 2019 is to be extended until 29 July 2020 for both individuals and legal entities. The extension was deemed necessary in order to make it easier for all

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Greece: Measures regarding VAT in response to COVID-19 pandemic

15 April, 2020

On 13 April 2020, the Minister of Finance and the Commander of the Independent Public Revenue Authority officially published an Act, FEK A' 84/13-04-2020. Article 3 of this Act includes that companies affected by the coronavirus outbreak can offset

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Greece: Finance Ministry announces some measures amid COVID-19 pandemic

25 March, 2020

On 24 March 2020, the Finance Ministry, Christos Staikouras, announced some measures for trying to assist people in the coronavirus pandemic. The key measures are given below: VAT payment is to be suspended for four months.Labor Minister states

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Greece: Public Revenue Authority publishes a Circular for clarifying about dividend tax rate

11 February, 2020

The Public Revenue Authority (AADE) published Circular E. 2012 of 30 January 2020, which provides guidance on reducing the withholding tax (WHT) rate from 10% to 5% under the provisions of article 24 of Law 4646/2019. This also states that this

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Greece: Public Revenue Authority publishes frequently asked question on CbC Report

31 January, 2020

On 23 January 2020, the Public Revenue Authority released frequently asked question (FAQ) document in English providing the elaborate description of country-by-country (CbC) reporting, including the format of CbC report, local filing obligations,

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Greece: Government publishes Law 4646/2019 in the Government Gazette

14 January, 2020

On 12 December 2019, the President announced that Law 4646/2019 was published in Government Gazette. Corporate tax According to Law, as from 1 January 2020, corporate tax rate will be reduced from 28% to 24% for all legal entities for the

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Greece: Parliament adopts tax reform measures

15 December, 2019

On 6th December 2019, Greek Parliament approved tax reform bill (Law 4646/2019), which contains several measures regarding corporate income tax, personal income tax, withholding tax rates, the participation exemption for capital gains

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Greece: Government sent tax reform bill to the Parliament

28 November, 2019

On 26 November 2019, the government submitted its second tax bill to Parliament, paving the way for income, corporate and dividends tax to be reduced, giving new democracy some relief from a public sector hirings controversy. On 12 September 2019,

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