Articles & Updates
Business articles and professional updates from the AFS team. The newest publications appear first.
10
UpdatesMethod of non-taxation of unpaid rents
Pursuant to article 11 of Law 4346/2015, in article 39 of Law 4172/2013 (Income Tax Code), a new paragraph 4 is added as follows. Income from the letting of immovable property which has not been collected by the beneficiary is not taken into account in his total income, provided that by the deadline for submitting the annual income tax return, a […]
24 November 2015 · By Nikolaos Karamanos
Read more
UpdatesWhen is the arrangement not lost according to Law No. 4346/2015 article 4
Under the new provisions of Law No. 4346/2015 and article 4, the arrangement is not lost “lost” when •it does not pay on time up to two (2) instalments per year of the arrangement scheme or •it does not pay on time one (1) instalment of the arrangement per year of the arrangement scheme for a period of up to two (2) months. For the above cases a΄ […]
23 November 2015 · By Nikolaos Karamanos
Read more
UpdatesWhen is the arrangement lost according to Law No. 4346/2015 article 4
Under the new provisions of Law No. 4346/2015 and article 4, the arrangement is lost <<lost>> when the taxpayer does not pay off his new debts within the legal deadline for payment. This measure will operate as it stands from 01/01/2018, as the legislator provides the following exceptions for the years 2016 and 2017: • The […]
23 November 2015 · By Nikolaos Karamanos
Read more
UpdatesTax treatment of the income of tax residents abroad, on the basis of the provisions of Double Taxation Avoidance Agreements.
With regard to the issue of the application of the reduced VAT rate and its gradual abolition from 1.10.2015, in conjunction with what is stated in the relevant press release of the Ministry of Finance, we wish to point out the following. As is known, subparagraph D2 of paragraph D of article 2 of Law 4336/2015 provides the following: According to […]
10 October 2015 · By Nikolaos Karamanos
Read more
UpdatesThe new VAT rates from 1.10.2015 on the islands with tables.
With regard to the issue of the application of the reduced VAT rate and its gradual abolition from 1.10.2015, in conjunction with what is stated in the relevant press release of the Ministry of Finance, we wish to point out the following. As is known, subparagraph D2 of paragraph D of article 2 of Law 4336/2015 provides the following: According to […]
1 October 2015 · By Nikolaos Karamanos
Read more
Business ArticlesHow to choose an accountant
Many people think that only large businesses need, or should have, an accountant. The accountant-tax adviser is responsible for recording and checking income and expenditure across the whole spectrum of accounting, actively participating in every business. But he or she can also become the best adviser for your business, using […]
2 September 2015 · By Nikolaos Karamanos
Read more
Business Articles14 Ways to avoid the imputed-income tax
1) Income from the sale of assets You may use sums of money which you received during 2017 from the sale of your assets, namely from sales of cars, immovable property, pleasure boats etc. From these amounts, however, you must deduct the expenses you incurred for the acquisition of those assets. Essentially, the right given to you […]
2 July 2015 · By Nikolaos Karamanos
Read more
Business ArticlesUseful Tips for a Business Plan (Business Plan)
A business plan (Business Plan) is the detailed planning of a business idea; it sets out in detail what the business is, what it does, where it is and where it wants to go. Its purpose is the analysis of the market and of the business, having first studied and analysed all the positive and negative parameters that can affect the financial […]
14 May 2015 · By Elina Karamanou
Read more
Business ArticlesWhat offshore companies are and what they are used for
Offshore companies (offshore companies) are economic entities such as limited liability companies (LLCs) that have been established anywhere other than the place of the "physical location" of the person using them, in other words – abroad. Usually the term refers to businesses established in financial centres with a very low level of taxes, which […]
14 April 2015 · By Nikolaos Karamanos
Read more