Weblog KPAG Kosmidis & Partner – die deutschsprachige Anwaltskanzlei in Griechenland

NEW TAX CODE IN GREECE 2014

Publiziert am 15.Februar.2014 von Abraam Kosmidis

NEW CODE OF INCOME TAXES IN GREECE JANUARY 2014

During 2013 the fundamental tax legislation has changed to an extended degree. In general the most representative characteristics of this reform were the large number of laws and provisions, the repealing of laws and the lack of interpreting circulars. Within the limits of the Code of Income Tax, the following are

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Growing Opposition to Continued Greek Austerity Measures

Publiziert am 15.Februar.2014 von Abraam Kosmidis

Greek Prime Minister Antonis Samaras began his six month tenure of the EU Presidency in January with a speech criticising the continued imposition of austerity measures. This has meant four years of harsh spending cuts and a tight fiscal policy, which he said the country could no longer tolerate. His is now a leading voice in the growing opposition against ……



Greece Set to Leave the Bailout Scheme as it Assumes the EU Presidency

Publiziert am 9.Januar.2014 von Abraam Kosmidis

On Monday 30 December 2013, the Greek Prime Minister, Antonis Samaras, announced that the country would leave the bailout programme in 2014. In a televised speech he stressed that with Greece assuming the EU stewardship this January, the coming months held the promise of renewed confidence after nearly four years of difficult austerity measures. Following Ireland’s withdrawal from the bailout ……



The impact of the austerity measures on Greeks

Publiziert am 12.Dezember.2013 von Abraam Kosmidis

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Austerity measures under the terms of the international bailout have put increasing pressure on the Greek people. Cuts in services, salaries and pensions alongside higher taxes and a 59% rise in electricity prices since 2007 have ensured that many now face a hard winter with their electricity supply cut off because of non-payment of bills. The consensus is that the ……



The Struggle to Control Greece’s Tax Evasion Problem

Publiziert am 24.November.2013 von Abraam Kosmidis

images (2)For many years, economists have viewed the rampant tax evasion in Greece as one of the country’s most serious obstacles to its hope of escaping the seemingly endless and debilitating budget austerity that has brought protest and violence to the streets and engendered an atmosphere of anger and resentment among its people. In the early days of the crisis, optimistic ……



Overseas Businesses Rely on Local Professional Advice in Greece

Publiziert am 17.Juni.2013 von Abraam Kosmidis

The importance of local professional knowledge for businesses looking to expand their operations overseas in countries like Greece has been highlighted in the results of a recent survey carried out in the UK.

The survey, which was carried out by the British Chambers of Commerce (BCC), contacted over 4,500 businesses to gain their views on exporting and overseas trade.

It ……



Supporting International Businesses Operations

Publiziert am 23.April.2013 von Abraam Kosmidis

Like many other European countries, Greece welcomes business and investment from overseas, but for many small and medium sized enterprises (SMEs) the prospect of operating outside the borders of its own country can be very daunting.

This uncertainty can be caused by a number of factors, including possible language difficulties, cultural differences, a lack of knowledge of the legal systems ……



Greece: Taxation Versus Revenue Targets

Publiziert am 15.Februar.2013 von Abraam Kosmidis

Taxation Versus Revenue Targets: A Delicate Balancing Act for Greece

Greece has been capturing the headlines in Europe and across the globe for all the wrong reasons. The country’s economy has spiraled to the worst it can ever get amidst an increasingly fragile political situation. Foreign debt has degenerated into an endless crisis that has pushed Greece to the walls, ……



Law to accelerate formation of companies in Greece

Publiziert am 13.Mai.2011 von Abraam Kosmidis

Law 3853/2010 made provision for simplification and acceleration of the procedures for forming a company in Greece, with the aim of processing investment projects quicker and more effectively. This law was essentially implemented by ministerial order no. K1-802 of 23.3.2011, which specified the implementing provisions, procedures and requirements for rapid and more cost-effective formation of companies in Greece.

The fundamental ……



Setting up a Limited Company in Greece

Publiziert am 22.Januar.2010 von Abraam Kosmidis

Setting up a company limited by liability (LTD, Ltd  or Ltd.) in Greece starts generally with drafting of the Articles of Association.

Firstly, to set up a company limited by liability in Greece, all the shareholders need a Greek tax reference. The first company Articles of Association can then be drawn up and authenticated by a notary. Above all, in ……