For the first time this year, legal persons and other entities are obliged to declare their UBO(s) to the Central Register of the Ministry of Finance (MFA). In accordance with the Greek Anti Money Laundering Law 4557/2018 – which implemented…
The Greek legislation regulates short-term rentals of real estate property within the so-called framework of “sharing economy” (through digital platforms like Airbnb) in the article 111 of Law 4446/2016, as amended and in force. Important definitions A sharing economy is…
The Greek Parliament adopted Law 4472 /2017 (Government Gazette 74/19.5.2017) titled “Public Pension provisions and amendment of Law 4387/2016, application measures of budgetary targets and reforms, social support measures and labour regulations. Mid-term Financial Strategy Framework 2018-2021 and other provisions”,…
Persons interested in obtaining a residence permit in Greece can choose one of many available methods of doing so. Below we attempt to provide a brief overview of three of these methods as well as to summarize the procedures applicable…
As of 2017, United Arab Emirates’ (UAE) Companies will enjoy the same tax exemptions previously only applied to EU companies. EU Companies were exempted from tax obligations under the condition that the ultimate individual beneficiary is a holder of a…
Greece/December 2015 Following discussions with its creditors and the agreement with the European Stability Mechanism, Greece has agreed to introduce a significant reform in its tax regime in order to meet the targets assigned. By virtue of the Laws 4334/2015…
Greece/October 2015 The European Central Bank’s decision not to increase the amount of emergency liquidity assistance to Greek banks on 28 June 2015 forced the Greek government to impose emergency capital controls. Greece reacted by shutting down its banking system…
Greece/September 2015 By virtue of the Laws 4334/2015 and 4336/2015 adopted as part of Greece’s bailout program agreed with its creditors significant tax reform measures were taken. Some of the main tax measures read as following: •Corporate income tax rate…
Greece/August 2015 Following the mutual agreement between the Eurozone and Greece for opening the negotiations in regards to a possible future agreement on a new ESM programme, on 16th of July the Greek government adopted the bill 4334/2015. The law…
Greece/August 2015 This year will mark the start of taxation of benefits in kind in special cases. All income tax declarations this year will include benefits in kind that are taxable according to the new framework. Benefits in kind received…