Taxpayer’s defense against tax assessment sheet

1. Appeal or Administrative resolution of dispute a. Appeal Under Article 66 of the Code of Administrative Procedure, an appeal regarding tax and customs disputes is generally exercised within thirty (30) days of its statutory serving to the person concerned or in any other case of him being shown to be fully aware of its content. b. Proposal to resolve an administrative dispute and / or lodge an appeal under Article 70 of the Income Tax Code. The debtor, against whom the sheet is issued, if he doubts its correctness, may also request, beyond the appeal against it,  the administrative resolution of the dispute...

Incentives for the realization of expenses for scientific and technological research

Α. DEDUCTION OF EXPENSES ACCORDING TO ARTICLE 31 OF THE INCOME TAX CODE The deduction of the above expenses on the gross earnings of companies is prescribed by the provision of par. 1 (ia), section one of article 31 of the Income Tax Code (Law 2238/1994). Prior to Law 4110/2013, the expenses for scientific and technological research of companies would be deducted at time they were incurred, except for expenses regarding capital goods, which are amortized in equal amounts within a three-year (3) period. The qualification criteria for the above expenses were determined by decision of the Minister of Industry, Energy and...

The tax framework for charitable gifts-donations in Greece

Introduction In the Greek tax law, as in other systems, there are special favorable provisions concerning the funding of charitable purposes systematically pursued by private or public institutions. In order to comprehend this favorable treatment, by way of introduction, it is necessary to mention the general provisions concerning gifts/ donations, when these are not destined to a charitable purpose -we need in other words to present the rule, in order to understand the exception. The taxation of inheritance and gifts/donations in Greece exists since the institution of the Greek State. Following several consecutive amendments, the main codification of this legislation was...

List of non co-operative countries according to article 51A of the Greek income tax code (updated on 20.1.2012)

1 Andorra 2 Anguilla 3 Antigua & Barbuda 4 Aruba 5 the Bahamas 6 Bahrain 7 Barbados 8 Bermuda 9 Belize 10 British Virgin Islands 11 Brunei 12 Cayman Islands 13 the Cook Islands 14 Costa Rica 15 Dominica 16 Gibraltar 17 Grenada 18 Guatemala 19 Guernsey 20 Isle of Man 21 Jersey 22 Lebanon 23 Liberia 24 Liechtenstein 25 Malaysia 26 Marshall Islands 27 Montserrat 28 Mauritius 29 Monaco 30 Nauru 31 Netherland Antilles 32 FYROM 33 Niue 34 Panama 35 Philippines 36 St. Lucia 37 St. Kitts and Nevis 38 St. Vincent and the Grenadines 39 Samoa 40 Seychelles 41 Singapore 42 Turks and Caicos 43 US Virgin Islands 44 Vanuatu 45 Uruguay 46 Hong-Kong ...

Thin capitalization rules in Greek tax law