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Amendments to the Notional Interest Deduction (NID) provisions of the Income Tax Law

Application of the reduced VAT rate from 9% to 5%

VAT UPDATES   The Council of Ministers have issued a new decree (Κ.Δ.Π. 268/2020) dated 23.06.2020, regarding the application of the reduced VAT rate of 5% on hotel accommodation, restaurant and catering and transportation services within the Republic. The...
Amendments to the Notional Interest Deduction (NID) provisions of the Income Tax Law

Amendments to the Assessment and Collection of Taxes Law

On 20 August 2020, an amending law was published in the Official Gazette in respect to the Assessment and Collection of Taxes Law, which was followed by a clarifying Circular (Circular 46), published by the Department of Taxation on 28 August 2020. The main provisions...