Tax Law

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Requirements – Procedure – Timeframe for the Acquisition of shares of a Greek Private Company by a non-Greek Company

Requirements – Procedure – Timeframe for the Acquisition of shares of a Greek Private Company by a non-Greek Company...

02 May 2019

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Exemption from real estate transfer tax

The real estate transfer tax rate applicable is 3% on the taxable value of the property. Real estate transfer tax exemption is provided only on the purchase of a “primary main residence”. Conditions required for the property transfer tax exemption....

23 Apr 2019

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The procedural aspects (step-by-step) of the filling of the tax return related to the gain from the transfer of shares

Tax residents in Greece should submit electronically, via their personal account on the official website of the Ministry of Finance (hereinafter “taxisnet”), a tax return in which they should declare their worldwide income, as well as the tax deducted abroad. ...

07 Jan 2019

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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...

07 Jan 2019

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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....

10 Sep 2018

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

in Practice Areas, Tax Law, Special topics

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....

27 Aug 2018

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Income from leasing of real estate property

This income is acquired by any person to whom it has been legally transferred under a permanent contract or obtained by court order or via adverse possession, the right of full ownership or occupancy or usufruct or dwelling, as appropriate, as well as from the sub-lessor in case of subleasing....

21 Aug 2018

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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...

09 Jul 2018

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Greek tax provisions for Lebanese citizens who are Greek tax residents