In an attempt to clarify the situation with the Foreign Residents, the Ministry of Finance published the circulars POL.1142/12 & POL.1145/12, which clarify the place and method of taxation of natural persons residing abroad. The huge changes in the treatment of the Foreign Residents came about with the publication of Law No.3943 in March 2011,...Read More

Law No.3842/2010 provides for the obligation of tax reform of the expenses of all businesses, i.e., the expenses we record in our books based on the documentary expenses and then we reform at the end of the year, meaning that we reduce them either based on the provisions of the law or because these expenses...Read More

Any amount that was paid to obtain these revenues reduces them in order that they may be taken into account in the covering or limiting the total annual expenditure unless these amounts have been taken into account in the determination of the income of the year they were paid and, the taxpayer invokes the Capital...Read More

Greek real estate owners, now more than ever, are looking for a way to avoid or alleviate the tax burden they have suffered in recent years. They levy a tax that is inversely proportional to their income if they earn any income at all. The easiest way to increase the Greek State’s revenues is the...Read More

Every taxpayer has the right to invoke previously declared income (capital consumption) that has been taxed or exempted from tax to cover a purchase or presumption. For the calculation of the capital consumption, the taxpayer may rely on a capital that had been formed in previous years, provided that they are continuous and extend to...Read More

The obligation to inventory the assets of the company and the consequent valuation thereof arises from the relevant provisions of Articles 27 and 28 of Presidential Decree 186/1992. An inventory is a detailed entry, recording, and valuation of all the elements of the business property of the company, which exists at the specific period of...Read More