Residence permit (permanent residence permit) is any type of certification provided by the Greek authorities, which entitles a third – country national to legally reside in the Greek Territory, in compliance with European Union provisions (Regulation 1030/02 as in force). There are different categories of residence permits, as well as types of permits for each...Read More

To choose Greece is to choose an exciting country, in the south east Coast of Europe and to invest and buy high quality services and products. It is also the choice for a privileged, geographically strategic location, ideal for those seeking to supply the European market or expand their businesses to other parts of the...Read More

Many investors use Greece from the scope of an investment opportunity, as an entry to Southeast Europe and in Europe in general, by getting the “golden visa”, in order to expand their businesses. In fact, Greece is the only country in the region that is both EU and EMU member (this provides monetary and exchange...Read More

Taxation Guide for Foreign Residents 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...Read More

Tax Reform 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...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

For businesses that keep single or double-entry books, accountants process the cost-of-use records after the administrative process is complete to determine the taxable net profits. The end-of-use records also include expenses that must be charged to the past administrative period and which could not be recorded during the period of use. Among them, an important...Read More