Greece Parliament Considers Bill to Provide Incentives for Business Development Through Partnerships, Corporate Transformations

The Greek Parliament May 13 accepted for consideration a bill to provide incentives for business development through partnerships and corporate transformations. The bill includes measures that would: 1) provide a conditional 30 percent income tax exemption to a new company or cooperation; 2) limit the tax benefit to 500,000 euros (US$526,973) for business transformations for a period of up to nine years from the date of application of the tax exemption; 3) provide a conditional income tax exemption on the goodwill from the transfer of fixed assets of the new company; 4) exempt stamp duties; 5) provide conditional recognition of ...