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Posted in News, News for Greece, TAX SERVICES
Concealment of tax from account transactions: The decision of the Council of State
By Decision 2231/2023, the Council of State ruled that, if the submission of the income tax return has been completed and data on the balance and/or transactions of bank accounts emerge…
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Posted in News, News for Greece, TAX SERVICES
The Special Property Tax (SRET) is constitutional
With Law 3842/2010 the tax rate was increased from 3% to 15% retroactively from 01/01/2010 calculated on the objective value of real estate. The CoE acknowledged that this is a very high tax, however the law provides for exemption from paying this tax …
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Posted in News, News for Greece, TAX SERVICES
VAT: What changes with the pre-filling of returns
With the recent passage of Law 5073/2023, the universal implementation of electronic books (myDATA) was defined. Documents are uploaded in real time and not the next day, as is the case today. The obligation applies to all ways of issuing and sending these documents.
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Posted in News, News for Greece, TAX SERVICES
What applies to the additional tax of up to 15% on the profits of multinationals and large groups
In the new proposal, the Minister of Economy and Finance and the competent Deputy Minister propose the introduction of a minimum tax rate for multinational companies and large-scale domestic groups of up to 15% of profits.
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Posted in News, News for Greece, TAX SERVICES
Denkavit Case: The two-year period in question for withholding tax on dividends from a subsidiary
According to article 63 of Law 4172/2013 (KFE), among other requirements, the retention of at least 24 months as the minimum period during which the parent company resident in another Member State of the European Union must participate in the capital of the domestic subsidiary of a distributing public limited company, to benefit from the tax advantage of exemption from withholding tax (5%).
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Posted in News, News for Cyprus, News for Greece, TAX SERVICES
Webinar: CBAM Regulation – Understanding the Measure and Navigating the Transitional Phase
This informative session provided practical advice on the upcoming implementation of the CBAM (Carbon Border Adjustment Mechanism), a new regulation designed to address carbon emissions by imposing a tax regime on high-intensity emissions generated by goods imported into the EU.
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Posted in News, News for Greece, TAX SERVICES
Limitation of VAT Credit Balance Claim: The decision of the Supreme Court
As we know, when a business carries out transactions, when, after deducting VAT on inputs (expenses) from VAT on outputs (income), a credit balance remains, it is carried forward for deduction in a subsequent period, in accordance with para. 3 of Article 32 of Law No. 2859/2000.
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Posted in News, News for Greece, TAX SERVICES
Indirect control techniques and capital consumption: The case of an appeal
Greece incorporated the European Union Directive 1164/2016 regarding Controlled Foreign Companies and the conditions for taxation in Greece of their undistributed profits in the name of their shareholders…
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Posted in News, News for Greece, TAX SERVICES
Controlled foreign company – Taxation of undistributed profits: The case of a company in Bulgaria
Greece incorporated the European Union Directive 1164/2016 regarding Controlled Foreign Companies and the conditions for taxation in Greece of their undistributed profits in the name of their shareholders…
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Posted in News, News for Cyprus, News for Greece, TAX SERVICES
Transfer Pricing Documentation Requirements in Europe
In light of the evolving landscape of transfer pricing documentation requirements, the Andersen European Transfer Pricing Team has developed a comprehensive guide. This publication offers valuable insights and guidance to assist companies in navigating the complex sphere of transfer pricing.
