Retroactive tax on undistributed profits from previous years in Greece

A recently tabled and ratified amendment foresees the retroactive taxation of profits from previous years which will be distributed as dividends or will be capitalized by companies in 2017 and thereafter, without the possibility of those profits being deducted from possible losses.

The amendment was included in a recently passed draft bill envisioning the revision of Greece’s antiquated bankruptcy code.

Read more here.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

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