Tax Updates: June 8th, 2022

Consistent with our commitment to provide updated information on current tax issues, we set down below the main provisions of the new Law 4935/2022 which introduces incentives for the development of enterprises through collaborations and corporate restructurings.

In this edition (Download PDF , 0.27 MB)

• Incentives for the Development of Enterprises
  • General Comments
  • A. Income tax exemption 
    • Income tax exemption conditions 
    • General provisions for income tax exemption
  • B. Tax exemption of capital gains arising from the transfer of fixed assets to third parties
  • C. Exemption from stamp duty and income tax on capital gains arising from business restructurings
  • D. Transfer of administrative licences of contributed personal businesses 
• Improvements and amendments of provisions of existing incentive laws
  • Transfer of losses under Law 2166/1993
  • Exemption from Capital Concentration Tax for restructurings under L.D. 1297/1972, Law 2166/1993 and Law 4172/2013
  • Abolition of the restriction on the transfer of shares/company units as per the provisions of L.D.1297/1972
  • Deduction of costs incurred for the acquisition of participations in companies
• Other provisions and observations