Special topics

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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....

13 Jun 2018

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Documentation required for issue of a tax exemption certificate for R&D expenses

A tax exemption certificate will be issued upon presentation of the following documentation by the company's legal representative, in both hard copy and electronic form: Submission form, Solemn Declaration, certification form, Financial Statements, articles of association , separate account, relevant resolutions of competent corporate bodies, costs allocation sheets, general research ledger...

13 Jun 2018

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Clarifications provided by GSRT on non-eligible costs of R&D expenses

R&D expenses - The following categories of S&T expenditures do not qualify as eligible costs: fees, bonus fees, benefits, S&T related costs, fines, pecuniary sanctions, entertainment expenses, educating training, car leasing, commercial fairs...

13 Jun 2018

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Clarifications provided by GSRT on eligible costs of R&D expenses

The above eligible costs of scientific and technological research, as same are laid down in Joint Ministerial Decision 109343/I2/GG B 2351-11.07.2017, are classified as follows: Expenditure Categories: Remuneration of Salaried Personnel, Fees of Contracted Associates, Building Costs Amortizations, Depreciation of Costs of Intangible Assets purchase, Transportation Expenses, Cost of Purchase of Consumables, Other Expenses ...

25 Apr 2018

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Practices adopted by Municipalities regarding Bike-Sharing Systems

in Public Procurement, Special topics

The management company directly charges Users - Subscribers for subscription fees, Bicycle use fees and any other charges due to delayed return or failure to return a Bicycle, issuing lawful invoices and paying all System revenue to the Municipality. ...

05 Apr 2018

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General formalities of an IKE company to GEMI (Company registrar)

in Company Law, Special topics

Within one month from its registration, the company must obtain a company website indicating (in both Greek and English): a) full name and address of the shareholder/s b) contribution category of the shareholder/s (capital contributions, non-capital contributions and guarantee contributions) c) Managers (directors) of IKE (with full data) d) name of IKE e) share capital f) total amount of any guarantee contributions h) registered seat and full address of IKE i) GEMI number j) whether the company is in liquidation...

03 Apr 2018

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Personal Data Retention Rules currently applicable in Greece

in Personal Data Protection, Special topics

The same limitation principle is, also, included in the Regulation (EU) 2016/679 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data (General Data Protection Regulation) commonly known as “GDPR”, which shall apply from 25.05.2018 across the Members of EU....

09 Jan 2018

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Legal forms available for religious groups

in Company Law, Special topics

1. Association (articles 78 of Greek Civil Code) Provisions of incorporation: a) Minimum 20 members b) Non-profit purpose...

19 Dec 2017

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The recent No. 109343/12/2017 Common Ministerial Decision for the determination of the criteria for the characterization of the expenses of scientific and technological research of enterprises under article 22A of the Income Taxation Code