Month: June 2019

Tax treatment of foreign income

Tax treatment of foreign income acquired by foreign personnel, tax residents of Greece, working at an under Law 27/1975 office

In accordance with the provisions of Income Tax Code, a taxpayer who has his tax residence in Greece is subject to a tax on his worldwide income. By way of exception, it is foreseen that the foreign staff of the offices of Law 89/1967, which are subject to the special tax regime shall be subject …

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Protection of creditors

Protection of creditors of the companies involved in a spin off

Creditors of the participating companies to a spin off, whose claims were born before the splitting date without being overdue, have the right to request guarantees. Companies are under the obligation to provide them guarantees, since the creditors have sufficiently proved that the financial status of the companies, due to the spin off, makes necessary …

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