Greece: New law introduces incentives for collaborations and corporate restructurings

A new law provides various tax incentives for collaborations and corporate restructurings

A new law provides various tax incentives for collaborations and corporate restructurings

A new law—4935/2022 (FEK Α’ 103/26.05.2022)—known in English as “Incentives for the development of enterprises through collaborations and corporate restructurings” provides various tax incentives applicable to business restructurings and collaborations and introduces improvements to tax incentives granted by previously issued incentive laws.

The law includes the following tax-related measures:

  • Income tax exemption on the taxable profits of the company that result from any type of restructuring or, in case of collaborations, the taxable profits of the collaborating persons
  • Tax exemption of capital gains arising from the transfer of fixed assets to third parties
  • Exemption from stamp duty and income tax on capital gains arising from business restructurings
  • Transfer of administrative licences of contributed personal businesses 
  • Improvements and amendments of provisions of existing incentive laws
    • Transfer of losses under Law 2166/1993
    • Exemption from capital concentration tax for restructurings under L.D. 1297/1972, Law 2166/1993 and Law 4172/2013
    • Abolition of the restriction on the transfer of shares/company units as per the provisions of L.D.1297/1972
    • Deduction of costs incurred for the acquisition of participations in companies

Read a June 2022 report [PDF 268 KB] prepared by the KPMG member firm in Greece

 

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