Restructure of Debts - Continues

Restructure of Debts - Continues


At last the Minister of Finance recognize that the current legislation for the restructure of debts must take into account the tax aspect of the operation.

With the article 62 of the law 4389/16 that has been approved the previous week it’s recognized that:

1. Gains obtained from a legal entity from the settlement of an overdue debts with a bank or similar institutions and derived from an out of court agreement between the parties will not be considered as a taxable income

and

4 Gains obtained from a physical person from the settlement of an overdue debts with a bank or similar institutions and derived from an out of court agreement between the parties will not be considered as a taxable income

Naturally for both cases there are some preconditions but due to the existing financial situation should not be viewed negatively.

Ask for our intermediation for any financial matter concerns you.

We can support you in Accounting and Fiscal matters as well as in the settlement of disagreements between partners, Employer and Employee or with the Greek state. We will address you to the best potential solution according to the current legislation.  

 

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