Taxand Greece highlights recent changes to Greek laws on:
Investment incentives – A new law on investment incentives intended to promote regional economic growth and compatible with EU regulations
Intra-group services – Amendments to the cost-plus regime applicable in respect of intra-group services provided by Greek subsidiaries and branches
Tax procedure – Changes to procedural and penalty provisions of both a tightening and relieving nature relating to such things as requirements for fiscal documentation (including invoices) and inspections and appeals
Annual Tax Certificate – Becomes optional for FY 2016 and onwards
Breach of confidentiality – Increased penalties for Ministry of Finance employees
Transfer pricing compliance & APAs – Changes introduced to certain limitation provisions
VAT & Customs – Changes include amendments to the import VAT deferral scheme, imposition of a special duty on electrically heated tobacco products, enhancing the control of the supply chain of tobacco products, and measures relating to the use of information technology for customs purposes