Register   Login  Greek Web Site English Web Site 





Welcome
to PROOPTIKI SA Website!

Your success is our goal


 

 

 

News & Events
Taxation for Trusts - Foundations

On July 2017 the independent Authority for Public Revenues issued the circular (POL 1114/2017) to clarify the tax treatment of foreign trusts and foundations.

The Circular clarifies the tax treatment of the above entities for various transactions and issues of income, gift and inheritance legislation.

From a tax point of view, since January 1 2014 the Greek Income Tax Code (ITC) Law 4172/13 refers to the definition of “Legal entities” in which are included the Trusts and foundations.

The Greek civil law doesn’t recognize the concept of trust.

According to the Income Tax Code (ITC) any income earned by settlor / founder of the trust is taxed as income from dividends, subject to the dividend tax rate of 15%

The undistributed income, could be treated as income in accordance to the provision of ITC for controlled foreign companies (CFC) if all relevant conditions are met.

Out of Court Settlement

For Bank loans, State arrears (specific Law 4469/2017)

From 3 August 2017 the electronic platform opens.

The framework for out of court settlement of arrears to the Greek state by private sector for companies into effect from 3 August 2017.

For arrears to the state is the possibility until 120 month installments with a lowest payment 50 euros.

Among others the framework includes all assets must he assessed real estate, securities deposits, shares and the amount owed by third parties.

Especially the real estate value must be assessed with a commercial value, otherwise with the value of property will be assessed through objective system used by tax authorities.

Extension of deadline for submission of Asset and Fund Declaration returns until 30/06/2017
.  
Extension of deadline for submission of Tax returns of individuals and legal entities for 2016
Legal entities until 30/06/2017 Individuals until 30/06/2017  
Voluntary Disclosure Program in Greece
    read more...
Prooptiki Quarterly Newsletter
July 2016   read more...
Social Security Change
    read more...
Income Tax Changes
    read more...
Vat rates in Aegean Islands

  read more...

Deposits in Credit Institutions

  read more...

Foreign Companies with property in Greece
    read more...
Income Tax in Advance
    read more...
Vat Changes
    read more...
Extension on the Deadline Submission of Income Tax Returns
    read more...
Income Tax changes
    read more...
Determination of the time of submission of the Statement of Withholding Tax
.   read more...
Circular Decision 1011/2.1.2014
.   read more...
Interest rate for late payment of taxes and tax refunds by taxpayers and the Tax Authorities
.   read more...
Procedure for the assignment of Tax Representative from January 1st, 2014
.   read more...
Changes in Deductible Business Expenses according to recently enacted Tax Law
.   read more...
The new Law 4172/2013...
.   read more...
Taxation of not taxed reserves
.   read more...
No Income Tax or VAT shall be returned to Companies with pending Insurance Obligations
.   read more...
Abolishment of the business tax for partners of General Partnerships
.   read more...
Obligation for issuance of Certificate of Insurance Compliance Certificate
.   read more...
Change in the time of submission of the monthly VAT Statement
.   read more...
Fine of 10.550 € for uninsured employees and employees not reported to Social Security
.   read more...
Taxation Changes
.   read more...
“Special Contribution” on Real Estate
...   read more...
Transfer Pricing - Thin Capitalization

New tax law for transfer pricing
Thin Capitalization

  read more...

Transfer Pricing
New Legislation...
  read more...

...Reasons to invest in Greece
10 Reasons to invest in Greece..   read more...
...Establishment in Greece of foreign companies
New modification of law 89/1967   read more...
Law amendment
Amended by law 3604/2007 the law 2190/20 on companies limited by shares  
Mailing List
Join Our Mailing List
Members of...


Integra International

Registered Quality Assurance System ISO 9001:2008
LRQA_9001.jpg
Company » Services » News & Events » Integra International » Updates & Reference
 Copyright 2005-2016 by Prooptiki SA   Terms Of Use  Privacy Statement