PwC Greece Tax and Legal

🚨 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗻𝗲𝘄 𝘁𝗮𝘅 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀: Ι𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗳𝗼𝗿 𝘀𝗰𝗶𝗲𝗻𝘁𝗶𝗳𝗶𝗰 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗮𝗻𝗱 𝗽𝗮𝘁𝗲𝗻𝘁𝘀 📊 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗳𝗼𝗿 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗮𝗻𝗱 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗲𝘅𝗽𝗲𝗻𝘀𝗲𝘀. With the new tax bill that has been posted for consultation, incentives for research and development expenses are being extended. The new regulations build on the existing horizontal total deduction incentive of 200% and provide for increases in super-deductions that can reach from 250% to 315% in the following cases: Projects in collaboration with startups. Projects in collaboration with research centers. Small and medium-sized 'knowledge-intensive' enterprises with R&D expenditures > 20% of the total. 💡 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗳𝗼𝗿 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗲𝘅𝗽𝗹𝗼𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗽𝗮𝘁𝗲𝗻𝘁𝘀. The new regulation extends the incentive for the commercial exploitation of patents. In addition to the existing 3-year exemption of business profits from the commercial exploitation of the patent, it is now provided that for the next 7 consecutive years, there will be a 10% exemption from the payable income tax on the business profits from the exploitation of the patent. 📢 Stay tuned for more information with the final voting of the bill.

🔔 𝗡𝗲𝘄 𝗧𝗮𝘅 𝗕𝗶𝗹𝗹 𝗼𝗽𝗲𝗻 𝗳𝗼𝗿 𝗽𝘂𝗯𝗹𝗶𝗰 𝗰𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝘁𝗶𝗼𝗻! 🔔 Excited to announce the release of the new tax bill for public consultation, packed with significant enhancements and reforms for both individuals and legal entities. Dive into the key highlights below and see how these changes could benefit you: 🔄 𝗡𝗲𝘄 𝘁𝗮𝘅 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗳𝗼𝗿 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗿𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗶𝗻𝗴𝘀 💼 𝗘𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻 𝗼𝗳 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗶𝗼𝗻 𝗲𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 𝗿𝗲𝗴𝗶𝗺𝗲 𝘁𝗼 𝟯𝗿𝗱 𝗰𝗼𝘂𝗻𝘁𝗿𝘆 𝘀𝘂𝗯𝘀𝗶𝗱𝗶𝗮𝗿𝗶𝗲𝘀. 🔬 𝗘𝘅𝘁𝗲𝗻𝗱𝗲𝗱 𝘁𝗮𝘅 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗳𝗼𝗿 𝘀𝗰𝗶𝗲𝗻𝘁𝗶𝗳𝗶𝗰 𝗮𝗻𝗱 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗿𝗲𝘀𝗲𝗮𝗿𝗰𝗵. 👼 𝗡𝗲𝘄 𝗶𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗳𝗼𝗿 𝗮𝗻𝗴𝗲𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝘁𝗼 𝗯𝗼𝗼𝘀𝘁 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀. 📈 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗶𝗻𝗰𝗼𝗺𝗲 𝘁𝗮𝘅 𝗳𝗿𝗼𝗺 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝗶𝗲𝘀 𝘁𝗿𝗮𝗻𝘀𝗳𝗲𝗿. 📊 𝗠𝗼𝗱𝗲𝗿𝗻 𝗧𝗮𝘅 𝗥𝗲𝗴𝗶𝗺𝗲 𝗳𝗼𝗿 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗙𝘂𝗻𝗱𝘀. 📉 𝗦𝗼𝗰𝗶𝗮𝗹 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗖𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀.𝟭% 𝗥𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻 in social security contributions starting from January 1, 2025. ❌ 𝗔𝗯𝗼𝗹𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗲𝗻𝘁𝗿𝗲𝗽𝗿𝗲𝗻𝗲𝘂𝗿𝘀𝗵𝗶𝗽 𝗱𝘂𝘁𝘆 for individuals, traders, and freelancers. 🏠 𝟯-𝘆𝗲𝗮𝗿 𝗶𝗻𝗰𝗼𝗺𝗲 𝘁𝗮𝘅 𝗲𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝘃𝗮𝗰𝗮𝗻𝘁 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 that are rented out. 🌪️ 𝗘𝗡𝗙𝗜𝗔 𝗿𝗲𝗱𝘂𝗰𝘁𝗶𝗼𝗻. Up to 20% reduction in ENFIA from 2025 for residences insured against natural disasters. 💸 𝗧𝗮𝘅-𝗙𝗿𝗲𝗲 𝘁𝗶𝗽𝘀 for amounts up to 300 euros per month, also exempt from social security contributions. 🗓️ 𝗡𝗲𝘄 𝗧𝗶𝗺𝗲𝗹𝗶𝗻𝗲 𝗳𝗼𝗿 𝘁𝗮𝘅 𝗿𝗲𝘁𝘂𝗿𝗻 𝘀𝘂𝗯𝗺𝗶𝘀𝘀𝗶𝗼𝗻𝘀 and an increased tax discount of up to 4% for lump-sum payments. 🏢 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗚𝗮𝗶𝗻𝘀 𝗧𝗮𝘅 𝗦𝘂𝘀𝗽𝗲𝗻𝘀𝗶𝗼𝗻. Extended Suspension of capital gains tax on property transfers 𝘂𝗻𝘁𝗶𝗹 𝗗𝗲𝗰𝗲𝗺𝗯𝗲𝗿 𝟯𝟭, 𝟮𝟬𝟮𝟲. Stay tuned for more detailed information and in-depth analysis! 📢  Don't miss out on these transformative changes!

🌍 𝗔𝘁 𝗣𝘄𝗖 𝗚𝗿𝗲𝗲𝗰𝗲, 𝘄𝗲'𝗿𝗲 𝗰𝗼𝗺𝗺𝗶𝘁𝘁𝗲𝗱 𝘁𝗼 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘀 𝗮 𝗰𝗼𝗿𝗻𝗲𝗿𝘀𝘁𝗼𝗻𝗲 𝗼𝗳 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝘀𝘂𝗰𝗰𝗲𝘀𝘀—𝗮𝗻𝗱 𝘁𝗼 𝗰𝗿𝗲𝗮𝘁𝗶𝗻𝗴 𝗿𝗲𝗮𝗹 𝘃𝗮𝗹𝘂𝗲 𝗳𝗼𝗿 𝗼𝘂𝗿 𝗰𝗹𝗶𝗲𝗻𝘁𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗦𝗲𝗰𝘁𝗼𝗿. Recently, our Real Estate Workshop offered a fantastic platform for discussions on 𝗗𝗶𝗿𝗲𝗰𝘁 𝗘𝗨 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 within the sector.  A special thanks to Iannis Voutsinos, Head of EU Affairs & Funding, for leading this insightful session, joined by Agis Kothalis, CEO of KEBE,  with a lively discussion moderated by Kalliopi Yatracou, Partner, FS Tax & Real Estate Platform Leader, and Christos BALTAS, Director Deals, Advisory from our Thessaloniki Office. Swipe through our images to see the key insights and success stories that emerged! 📸 👉 Learn more about how PwC Greece's Real Estate Services can support your business: https://lnkd.in/dKEGr9p7

🚨 Happening Now: 𝗧𝗮𝘅 𝗔𝘂𝘁𝗵𝗼𝗿𝗶𝘁𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗪𝗼𝗿𝗹𝗱 𝗼𝗳 𝗔𝗜—𝗼𝗿 𝗶𝘀 𝗶𝘁 𝗽𝗲𝗿𝗵𝗮𝗽𝘀... 𝗔𝗹𝗶𝗰𝗲 𝗶𝗻 𝗪𝗼𝗻𝗱𝗲𝗿𝗹𝗮𝗻𝗱? Check out the video, to find out the intriguing question that Katerina Grivaki, Tax Partner at PwC Greece, raised in a live poll at the 20th Tax Forum, on Greek Taxation and AI. Curious about the poll results? Stay tuned next week as we reveal the final poll results and the panel’s insights, featuring: 🔹 Apostolos Boutos for Public Revenue 🔹 Antigoni Papanikolaou- Head of Legal, Greece, Cyprus, Malta, Baltics; Regional Senior Legal Manager, Corporate, External & Legal Affairs, Microsoft CEMA 🔹 Andreas Botsikas - Analytics & AI Hub Director, PwC Greece 🔹 Kalliopi Vlachopoulou - Senior Manager, Head of Regulatory, Digital Law & Innovation, PwC Greece The dialogue around AI and taxation is heating up—don’t miss these key insights coming next from today’s forum! #TaxForum2024 #AIDiscussion #PwCGreece

🚨 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗖𝗼𝗺𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝘂𝗻𝘃𝗲𝗶𝗹𝘀 𝗗𝗔𝗖𝟵 𝗽𝗿𝗼𝗽𝗼𝘀𝗮𝗹 𝘁𝗼 𝘀𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲 𝗳𝗶𝗹𝗶𝗻𝗴 𝗼𝗯𝗹𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀 𝘂𝗻𝗱𝗲𝗿 𝗣𝗶𝗹𝗹𝗮𝗿 𝟮 𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝘃𝗲 (𝗗𝗶𝗿𝗲𝗰𝘁𝗶𝘃𝗲 (𝗘𝗨)𝟮𝟬𝟮𝟮/𝟮𝟱𝟮𝟯) The European Commission has recently introduced the DAC9 proposal, aiming at simplifying and streamlining the filing obligations for Multinational Enterprises (MNEs) and Large-Scale Domestic Groups (LSDGs) under the Pillar 2 Directive. This initiative is part of the EU's broader strategy to enhance tax transparency and ensure a more efficient exchange of information among tax authorities. 🚀 𝗡𝗲𝘅𝘁 𝗦𝘁𝗲𝗽𝘀: •   𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗯𝘆 𝗘𝗨 𝗖𝗼𝘂𝗻𝗰𝗶𝗹: Once adopted, EU governments have until 31 December 2025 to implement DAC9. •   𝗙𝗶𝗿𝘀𝘁 𝗙𝗶𝗹𝗶𝗻𝗴 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲: MNEs are expected to file their first top-up tax information return by 30 June 2026. •   𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 𝗗𝗲𝗮𝗱𝗹𝗶𝗻𝗲: Relevant tax authorities must exchange this information by 31 December 2026 at the latest. 📢 Stay tuned for final updates on this legislative initiative!

𝗖𝗮𝗻 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆 𝗵𝗲𝗹𝗽 𝗮𝗱𝗱𝗿𝗲𝘀𝘀 𝘁𝗼𝗱𝗮𝘆'𝘀 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁? It certainly can! Technology is a valuable tool in managing corporate real estate efficiently. Check the images to find out key success factors as outlined by George Mylonas, CEO, Alumil and, Georgios Kontopoulos CEng MICE, Senior Manager, Digital Built Environment Expert, PwC Greece , in our recent Real Estate Workshop "Bridging Expertise & Innovation" moderated by Kalliopi Yatracou, Partner, Real Estate Platform Leader and Lila Tsitsogiannopoulou Director, Head of Real Estate Advisory, Deals, PwC Greece. Click the link to explore PwC's Greece Real Estate Services 👉 https://lnkd.in/dKEGr9p7

🚨 Shaping Cybersecurity: Public consultation opens for Directive (EU) 2022/2555 (''NIS2 Directive'') 📜The Ministry of Digital Governance has released a draft law for the transposition of Directive (EU) 2022/2555, also known as the NIS2 Directive. This initiative aims to align national legislation with the updated European framework, enhancing cybersecurity measures and ensuring a robust and unified approach across member states. The public consultation invites stakeholders, experts, and citizens to provide their input and feedback on the proposed legal text, promoting transparency and inclusivity in the legislative process. 📅 Consultation Period: The consultation will last until Saturday, November 2, 2024.

At the PwC Real Estate Workshop, "Bridging Expertise and Innovation," Kalliopi Yatracou, Partner and FS Tax & Real Estate Platform Leader at PwC Greece, shed light on our innovative Real Estate Platform. Fredy demonstrated how properties today are far more than mere investments or static entries on a balance sheet. They are vibrant components of local development, intricately tied to the growth of businesses, communities, and economies, enhancing social cohesion and stimulating creative collaboration. She also emphasized how technology and innovation elevate real estate, transforming every aspect from operations to user experience, thus bridging traditional industry gaps. Are you interested in learning more? Check out the video below and click here to visit our Real Estate Platform page👉 https://lnkd.in/dKEGr9p7

📢 𝗧𝗮𝘅 Α𝗹𝗲𝗿𝘁: 𝗧𝗶𝗽𝘀 𝗧𝗮𝘅𝗮𝘁𝗶𝗼𝗻 - 𝗡𝗲𝘄 𝗟𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝘃𝗲 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗲 𝘄𝗮𝘆! The government announced its intention to introduce a new legislative provision to regulate the taxation of tips received by employees in health service establishments, such as cafes and restaurants. ➡️ 𝗧𝗮𝘅-𝗙𝗿𝗲𝗲 𝗧𝗵𝗿𝗲𝘀𝗵𝗼𝗹𝗱: A tax exemption is established for tips received through POS (point-of-sale) systems, up to 300 euros per month (effective from November 1, 2024). Any additional amount will be subject to the tax scale. ➡️𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 𝗳𝗿𝗼𝗺 𝘀𝗼𝗰𝗶𝗮𝗹 𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻𝘀: The total amount of tips will be exempt from social security contributions. The exemption from social security contributions will apply regardless of the limit, meaning it will also cover tips exceeding 300 euros per month. ➡️𝗔𝗻𝘁𝗶-𝗮𝗯𝘂𝘀𝗲 𝗽𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻: There will be a regulation to prevent employers from reducing the actual salary and replacing it with tips. A disincentive mechanism will be put in place to discourage such actions by employers. This new legislative provision is expected to be brought to the Greek Parliament for voting soon.

Kyriakos Andreou, Territory Strategy, Clients & Markets Leader at PwC Greece, presented for the very first time, our brand new Real Estate Platform at the PwC Real Estate Workshop "Bridging expertise and innovation". But what does the PwC Real Estate Platform offer ? ✅A 360o holistic approach by combining all our services into one  ✅Μore value based on our expertise in all the phases of the property ✅Better understanding of the business needs and guidance towards informed decisions what will benefit the organization At PwC Greece, we're not just adopting the latest trends and technologies – we're shaping them!  By innovating and creating cutting-edge solutions, we empower our clients to stay ahead and make a lasting impact in their industries💫 Check out the video to find out more and click here to visit our Real Estate Platform page👉 https://lnkd.in/dKEGr9p7