21 Dec 2022 | in ARTICLES, Tax law, by

Shell companies – recent decisions by the Greek Dispute Resolution Directorate (in Greek)

Increasingly, the tax authorities and the Dispute Resolution Directorate (“DRD”) are identifying artificial arrangements aiming to solely obtain tax benefits. Such is the case of a shell company in Bulgaria, which was established as an artificial vehicle to take advantage of the much more favorable Bulgarian income tax rate (DRD decisions No. 1989 and 3167/2022). READ FULL ARTICLE

18 Nov 2022 | in ARTICLES, Competition law, by

The “household basket” – What should businesses pay attention to in terms of competition law? (in Greek)

One of the current issues that has elicited various reactions, including from the Competition Commission, is the so-called "household basket", which is the subject of article 87 of Law 4986/2022. An interesting perspective to examine the new concept from is competition law, to underline the issues that may arise for the businesses involved, including supermarkets and suppliers, as well as to outline potential risks and suggestions. READ FULL ARTICLE

01 Nov 2022 | in ARTICLES, Employment law, by

Voluntary benefits for employees

Granting of voluntary benefits in cash or in kind is a common practice for the employers, which is, however, linked with certain legal risks, since business practice and the principle of equal treatment may give rise to employees’ claims. The risks, the respective case law and the principles governing the provision of voluntary benefits, are discussed in the article. READ FULL ARTICLE

17 Oct 2022 | in ARTICLES, Tax law, by and

Share capital increase of a sole shareholder S.A.- a tax avoidance case (in Greek)

An arrangement set by a sole shareholder S.A. was declared artificial by the tax auditors, as its main purpose was to avoid paying the capital concentration tax corresponding to such a transaction. The tax authority invoked article 38 of Law 4174/2013 (general anti-abuse rule) and ignored the arrangement, thus imposing the correct capital concentration tax and accompanying penalties, whereas the Dispute Resolution Directorate confirmed the audit findings (decision No. 2746/2022). READ FULL ARTICLE

23 Sep 2022 | in ARTICLES, Digital services, by and

Can negotiable instruments be digitally signed? (in Greek)

Rapid digitalization of transactions challenges the traditional means of transaction and trade securities, such as negotiable instruments. We need to reflect on the impact of the legislative recognition of the certified digital signature and the increasing use of digital documents in transactions, and consider whether distributed ledger-blockchain technology may offer solutions for enhancing security in transactions. READ FULL ARTICLE

08 Sep 2022 | in ARTICLES, Employment law, by

Sanctions for the non-compliance with Law 4808/2021 provisions on violence and harassment – digital employment card – parental leaves

The decision No. 80016/2022 issued by the Minister of Labor and Social Affairs elaborates on the sanctions to be imposed to employers regarding violence and harassment incidents, the use of the digital employment card by the employees and the proper granting of the parental leaves provided by law 4808/2021. Applicable as from 01.09.2022. READ FULL ARTICLE

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