taxlaw-en

Facebook

Twitter

Copyright 2017 I. Skouzos & Partners.
All Rights Reserved.

Practice Areas

Iason Skouzos & Partners > Practice Areas

Regulation (EU) 1215/2012

The Regulation (EU) 1215/2012 of the European Parliament and of the Council of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters entered into force on 10 January 2015. Scope The Regulation (EU) 1215/2012 applies to international disputes, i.e. disputes in the field of private law, which, because of the fact that they are connected with several jurisdictions present -when brought before the courts of a state- an international element in this regard. The regulation does not extend, in particular, to revenue, customs or administrative matters or the liability of the State for acts...

Continue reading

The distinction between tax on rental income and tax on capital profits from selling assets acquired by Greek S.A. Companies. The deductible expenses (Is ENFIA a deductible expense?)

Income Tax Code, all revenues acquired by legal entities of Article 45 of the Income Tax Code, including income from lease of property and goodwill deriving from the transfer of property for value, are considered as income from business activity and taxed...

Continue reading

The differences to the tax treatment of the rental between tourism and residential property in the case of a local branch of a foreign company and the accounting treatment of the branch.

Τhe accounting treatment of the branch, the accrual accounting principle applies i.e. the transactions made during the tax year in the relevant accounts between the head office and the branch are only monitored while the incorporation of the financial data of the branch into its accounts taking place at the end of the tax year....

Continue reading

European Account Preservation Order (EAPO) – Regulation (EU) 655/2014

Regulation (EU) 655/2014 establishes a European account preservation order (EAPO) procedure, providing creditors with the opportunity to secure (“freeze”) bank accounts throughout the European Union on the basis of a single application. The Regulation also provides for the possibility to obtain information regarding a debtor’s bank account....

Continue reading

The tax treatment of fixed assets and equipment depreciation costs related to Research & Development (R&D expenses)

What is the tax treatment of fixed asset and equipment depreciation for the 2018 tax year? Examination of the possibility of expenditure in past years on building improvements and equipment purchases being depreciated during the 2018 tax year given the change in the tax regime (at what rate should this be done and for how many past years?) For the R&D applications submitted for tax years 2016 and 2017, which is the deadline for the General Secretariat for Research & Technology issuing a decision on these applications....

Continue reading

EN.F.I.A. (real estate property tax) and its calculation

According to articles 1-13 L.4223/2013, as amended and applied, since 2014, EN.F.I.A. is imposed to all real estate properties that are in Greece, either leased or not, and belong to natural or legal persons on the 1st of January each year and irrespectively of any amendments that may occur during that year and regardless of the transfer of the title. In particular, EN.F.I.A. is imposed to the following rights in rem: • Full ownership • Bare ownership • Usufruct • Dwelling • Surface of the real estate property EN.F.I.A. is also imposed to the following rights in rem or rights under contract law: • Of Exclusive use • Of...

Continue reading

Social security formalities for employees working in Greece when the employer is not established in Greece

For the social security of an employee working in Greece by virtue of a contract of employment with an employer established in another EU member state. According to article 21 of EU regulation 987/2009, due to the fact that the foreign employer has no presence in Greece, the employee is solely responsible for payment of the insurance contributions relating to his employment. ...

Continue reading

Greek tax provisions for Lebanese citizens who are Greek tax residents

What is the practical and legal significance for a Greek tax resident of the facts that Lebanon: i. does not have a Treaty for the avoidance of double taxation with Greece and it used to be a non-cooperative jurisdiction until 2017. ii. it has become a party to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters. i. The first main consequence of the absence of a Double Taxation Convention between Greece and Lebanon until August 31st, 2017 is the risk of the same income being taxed twice, in Greece and Lebanon as well....

Continue reading