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Incentives in support of restructurings of businesses pursuant to Law 4172/2013 (Law 4438/2016 - Article 61)

With regard to restructurings according to articles 52 to 55 of Law 4172/2013 (Gov. Gazette A’ 167), the contract, the contribution and the transfer of assets of the businesses being transformed, every relevant act or agreement in relation to the contribution or transfer of assets or liabilities or other rights and obligations or any right under property or contract law, the decisions of the competent bodies of the businesses being transformed, the status of shareholding on the capital of the new company, as well as any other agreement or act necessary for the transformation or establishment of a new company, their publication in the General Commercial Companies Registry (GEMI) and the transcription of the relevant acts, are exempt from any tax, stamp duty or any other duty to the State, as well as from any other duty, contribution or right for the benefit of any third parties, without prejudice to tax on the accumulation of capital. In respect to VAT and income tax, the provisions of the VAT Code and the Income Tax Code are applicable as in force respectively. The provisions herein apply to transformations the procedure whereof begins after the publication of this law.

 

Publication date: 16/12/2016