he applicant’s place of birth is not determinative in acquiring citizenship, as made clear by the following reference to how Greek citizenship can be acquired.The following are the main options for a foreign adult to acquire Greek citizenship...
Continue readingEstablishment of a Law Firm under Greek law The Articles of Incorporation include at least the purpose, the Partners,the representation, the required quorum and majority, dissolution...
Continue readingThe 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 readingIncome 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 readingΤhe 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 readingRegulation (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 readingWhat 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 readingThis 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....
Continue readingAccording to Law 4512/2018, the company under the name “National Cadastre and Mapping Agency S.A.” is abolished and replaced by a new public entity under the name "Hellenic Cadastre" (“Elliniko Ktimatologio”), based in Athens. The new entity is supervised by the Minister of Environment and Energy....
Continue readingAccording 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...
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