Ecovis Info (September 2020)

Table of Contents

New legal and tax framework for the reinforcement of the development procedure of the Greek economy.

A. Law 4714/2020

• Establishment of Out-of-Court Tax Dispute Resolution Committee (Article 16)
• New tax Dispute resolution mechanisms (Articles 21-48)
• Mandatory reporting of information on reportable cross-border arrangements (MDR-mandatory disclosure regime”) and deferral of deadlines for such disclosure (Articles 49-57)
• Introduction of an alternative and beneficial income taxation regime for individuals earning pension income abroad, who transfer their tax residence in Greece (Article 1)
• Stock-option plans (Article 3)
• Exit taxation regime and hubrid mismatches (Articles 58 -59)
• Penalties for non-maintenance of accounting books and records and regarding memories of cash machines (Article 101)

B. Law 4712/2020

• Super deduction of R&D expenditure by 100% as an additional incentive (Articles 46 and 55)
• Introduction of Tax incentives for angel investors (Article 49)