1) TEMPORARY TAX FOR 2024
The deadline for the submission of the 1st installment of temporary tax for the year 2024 is 31 July 2024 and the 2nd installment is 31 December 2024.
Who is Obliged to Pay Temporary Tax:
- Individuals with taxable income from sources other than salaries, pensions, dividends, and interest.
- Companies with ta...
Summary Information Table (SIT) Filing
Taxpayers with transactions involving related parties must complete a SIT detailing these transactions, including legal names, tax residency, Tax Identification Numbers, and transaction values.
The deadline for SIT submission for the tax year 2022 has been extended to 30 November 2024. Non-compliance m...
We would like to inform you that on 12 April 2024, an Income Tax Amendment Law was published in the Official Gazette of the Republic. It includes significant amendments to the tax framework for energy saving initiatives, as follows:
Allowable deductions concerning energy saving studies by approved consultants.
For capital expenditure to imp...
The Tax Department has announced on 23 February 2024, that the deadline for filing the Company Income Tax Return (TD4) for the tax year 2022 has been extended to 30 November 2024, for persons that have related party transactions and are obligated to file the Summary Information Table (SIT). This extension also applies to the Summary Information Tab...
The Department of Taxation announced on February 21, 2024, a change in the payment of the SDC and the GHS contribution withheld on rent payable by legal persons.
The withheld SDC and GHS contributions will be paid on a six months basis every 30 June and 31 December each year, instead of the previous monthly payments....
H εταιρεία C.Kounnis & Partners Ltd ενισχύει τις φορολογικές τις υπηρεσίες μέσω στρατηγικής συνεργασίας με την διεθνή εταιρεία THESIS Business Consultants S.A. με έδρα την Αθήνα, Ελλάδα.
Σκοπός της συνεργασίας ε...
Higher Thresholds for Transfer Pricing and Local File Requirements
On 1st February 2024 the Tax Department has issued an announcement that in anticipation of legislative amendments on transfer pricing provisions they will apply higher thresholds for Local File requirements, from the year 2022 onwards.
More specifically:
- The threshold ...
Extension of the deadline for submitting data to the Register of Beneficial Owners until 31 March 2024
The Department of Company Registrar announced an extension of the deadline for submitting information to the beneficial owner register. The new deadline being 31 March 2024.
Non-compliance with the new deadline will result in financial penal...
Jan 10 24
Tax Alert #2/2024 – Amendment to the Special Defence Contribution rate applied on interest income
Amendment to the Special Defence Contribution rate applied on interest income
On 20 December 2023, an amending law was published regarding the Special Defence Contribution Law, which determines that the rate of the Special Defence Contribution imposed on interest received by residents in the Republic is reduced from 30% to 17%....
Changes in social insurance contribution rates and the maximum earnings threshold on which social insurance contributions are paid (from 01/01/2024)
As of 01/01/2024, the social insurance contributions rates change as follows:
For employees: 8.8% contribution by the employee and 8.8% contribution by the employer.
For self-employed persons: 16...
