Entries by mstadmin33

Reduction of Capital Accumulation Tax rate for corporate capital increase

01/11/2021 in /by

The recent Greek Law 4839/2021 (Government Gazette A΄181/02-10-2021) included important urgent measures to support the Greek economy and entrepreneurship in times of pandemic, with the most important being the generous tax reductions and exemptions. In particular, a new regulation is introduced regarding the reduction of the Capital Accumulation Tax. Specifically, Article 21 of Law 1676/1986 […]

New Greek law increases the tax-free amount for gifts and parent-to-child donations

01/11/2021 in /by

The recent Greek law 4839/2021 (Official Gazette issue A΄181/02-10-2021) includes generous tax reductions and exemptions, including regarding the taxation of gifts and parent-to-child donations, in the context of taking urgent measures to support the Greek economy during the pandemic. In particular, Article 44 of Law 2961/2001, which provided for a maximum tax-free limit of EUR […]

Tax incentives to foreign investors for the transfer of their tax residence in Greece and for the support of start-up entrepreneurship and innovation

12/08/2021 in /by

In the context of the restart of the Greek economy and the efforts to boost investment activity, the Greek legislator has undertaken a series of legislative initiatives that, on the one hand, concern the granting of tax incentives to taxpayers who reside abroad and wish to transfer their tax residence in Greece and, on the […]

Alternative tax regime for individuals with foreign pension income, who transfer their tax residence in Greece

16/10/2020 in /by

On 29.7.2020, the Greek Parliament voted law Nr. 4714/2020, which includes significant amendments to tax provisions. Pursuant to article 1 of the new law, a new article (5B) was added to the Greek Income Tax Code, which supplemented the framework of alternative taxation of the foreign-source income obtained by natural persons, who transfer their tax […]

Greece – The Dynamic Development of Renewable Energy Sources: New Law No. 4685/2020

11/05/2020 in /by

The new environmental law, Nr 4685/2020 brings simplification and significant acceleration of the environmental licensing procedure of Renewable Energy Sources projects. With particular regard to the Phase A of the licensing process of projects (wind power plants, photovoltaic power stations, hydroelectric power plants etc), the new law abolishes the Generation License and replaces it by […]

Automatic Exchange of Tax Information

09/12/2019 in /by

A key aspect of the international cooperation between tax administrations is exchange of tax information. While up until recently, the main legal basis for the exchange of information between tax administrations was the relevant provision of the bilateral tax conventions on Income and Capital, today, the landscape of information exchange has fundamentally changed and the […]