Pre-approval procedure for royalties and management fees

Journal
Mavraganis, G.S.
Greece
International Transfer Pricing Journal 2006 (Volume 13), No. 3
FormatPDF
EUR
45
| USD
50 (VAT excl.)

This article discusses Law 3296/2004 which introduced the procedure for pre-approval of royalties and management fees with which businesses must comply in order to treat the royalties and management fees as deductible expenses for income tax purposes. The procedure is effective from 1 January 2005 and is identical with the old one that was first introduced by Law 2459/1997.