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Daily Tax Report: International

Greece Tax Agency Issues Circular on Taxation of Capital Gains After Company Reorganization

Oct. 22, 2019, 6:12 PM

The Greek Independent Authority for Public Revenue Oct. 10 issued a circular on the taxation of the reduction of capital gains after a company reorganizes. The agency clarified that the reduction of share capital will not be taxed at the time of reorganization if: 1) the company is not liquidated; and 2) the company meets the laws regarding capital contributions for a five-year period from the date of the reorganization. [Greece, Independent Authority for Public Revenue, 10/10/19]

Reference:
View Announcement. View Circular No. E.2181/2019.

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