Greece MOF Seeks Comments on Draft Bill to Transpose EU Directives on Reverse Hybrid Rules

The Greek Ministry of Finance May 30 opened a consultation on a draft amendment bill to transpose EU directives on reverse hybrid rules. The draft bill includes measures that would: 1) clarify VAT and customs procedures for exports; 2) introduce rules on the electronic monitoring of excise products that are taxed in EU member countries; 3) provide rules on discrepancies in the tax treatment of hybrid instruments for taxable Greek entities; 4) introduce conditions for the taxation of hybrid entities taxable in Greece; and 5) clarify that the reverse hybrid mismatch rule doesn’t apply to an undertaking for the collective ...