News

• Dec 15th, 2022
  

  Extension of suspension of taxation on real estate capital gains and of imposition of VAT on transfers of newly constructed buildings

  According to Greek tax Law, a capital gains tax at a rate of 15% applies for individuals on the profit resulting from the difference between the original purchase price paid and the subsequent sale price received for each real estate property.
• Oct 15th, 2018
  

  Greece welcomes the Central Ultimate Beneficial Owner Register

  As of January 30, 2019, the Central Ultimate Beneficial Owner (“UBO”) Register will become fully operative in Greece.
  In particular, Greece has finally transposed into local law Directive (EU) 2015/849 “on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing” (the “Directive”), which inter alia provides for the establishment of a central register with which ultimate beneficial owners of all legal entities are to be registered, in an effort to increase transparency and contribute to the minimization of money laundering and terrorist financing practices.
• Jan 17th, 2018
  

  EU Publishes List of Non-Cooperative Tax Jurisdictions

  Οn 5 December 2017, the Finance Ministers of the EU Member States agreed on the first ever EU list of non-cooperative tax jurisdictions with the expectation to raise the level of tax good governance globally and help prevent the largescale tax abuse.
  Ιn particular, 17 countries are listed for failing to meet agreed tax good governance standards. In addition, 47 countries have committed to addressing deficiencies in their tax systems and to meet the required criteria, following contacts with the EU.
• Apr 11th, 2016
  

  EU Data Protection Reform is expected to boost Digital Single Market and allow people to regain control over their personal data

  The EU Data Protection Reform launched by the Commission in January 2012 is almost reaching an end, as an agreement was found with the European Parliament and Council on the Commission’s proposals
   
• Apr 6th, 2016
  

  ICC Commission on the Digital Economy

  Vassilis Avramopoulos has been appointed as the representative of ICC Greece (Hellas) to the ICC Commission on the Digital Economy
• Feb 11th, 2016
  

  On the move in Athens

  We are delighted to announce that our Law Firm moved to new offices in downtown Athens
• Nov 10th, 2015
  

  New Guideline of the Hellenic Data Protection Authority (HDPA)

  The Hellenic DPA issues a Guideline regarding International Data Transfers under the Safe Harbor Scheme
• Aug 17th, 2015
  

  Ad Hoc Key Events Report on the Greek Debt Crisis - August 17, 2015

  After months of negotiations, Greece secures €86bn bailout while rumors for an early election intensify as governing party defections increase
   
• Jul 23rd, 2015
  

  Ad Hoc Key Events Report on the Greek Debt Crisis - July 23, 2015

  The Greek Parliament approved the second package of economic measures, with support from the pro-European opposition parties; SYRIZA suffered fewer losses compared to last week’s vote
• Jul 16th, 2015
  

  Daily Key Events Report on the Greek Debt Crisis - July 16, 2015

  New bailout deal gets approved by the Greek parliament but governing party suffers significant losses  
• Jul 13th, 2015
  

  Daily Key Events Report on the Greek Debt Crisis - July 13, 2015

  Greece reaches deal with creditors after all-night negotiations and agrees to vote reforms in parliament by July 15 
• Jul 10th, 2015
  

  Daily Key Events Report on the Greek Debt Crisis - July 10, 2015

  Greek government submitted reforms plans to creditors last night; all eyes on Eurogroup’s meeting on Saturday with debt relief being a key issue 
• Jul 9th, 2015
  

  Daily Key Events Report on the Greek Debt Crisis - July 9, 2015

  Following an ultimatum to get deal or face Grexit, Greece formally asks for bailout loan and is ready to submit final proposals
• Jun 18th, 2014
  

  Residence permits for third-country citizens who are or will be owners of real estate, according to new Law 4251/2014

  The government of Greece instated a procedure for third-country citizens who are owners of real estate to obtain long term residence permits, which can be renewed every five (5) years 
• May 21st, 2014
  

  Greece updated list of non-cooperative jurisdictions

  On March 4, 2014, the Greek Ministry of Finance issued its annual list of jurisdictions that are considered non-cooperative as well as a new list of jurisdictions that are deemed to have preferential tax regimes  
• May 7th, 2014
  

  Taxation of Controlled Foreign Companies (CFC)

  The New Greek Income Tax Code for the first time introduces provisions pertinent to Controlled Foreign Companies (“CFCs”).  
• Apr 17th, 2014
  

  New legislation for Pleasure Yachts

  On April 14, 2014, the Greek Parliament enacted a new piece of legislation (Law 4256/2014) titled “Touristic Vessels and Other Provisions”. 
• Apr 7th, 2014
  

  Law 89 Companies

  When a branch office or a subsidiary company of a foreign entity qualifies to operate in Greece under the scope of Law 89/67, as amended and supplemented by Law 3427/2005
• Jul 31st, 2013
  

  Latest amendments in the legal framework for Limited Liability Companies and Societes Anonymes

  Law 4156/2013, effective May 31, 2013, introduced a significant amendment with regards to the representation of private entities and the assumption of liabilities by them. 
• Jul 25th, 2013
  

  The meaning of affiliated undertakings following the recent amendment of the Greek Income Tax Code

   
  It is widely accepted that the proper implementation of transfer pricing regulation is subject to a clear and unambiguous definition of “affiliated” undertakings. 
• Mar 30th, 2012
  

  Labour Law developments in Greece increase flexibility of employment

  Recent labour law reforms in Greece significantly modify the labour scene regarding the employees working hours, their salaries and severance payment and other employment matters.