News Share

The Tax Hub

Daily Tax Newsletter

Greece

30 July 2020

Responsive image

Greece Issues Guidance on Tax Residence and Permanent Establishment During COVID-19 Pandemic

On 28 July 2020, the Greek Public Revenue Authority (AADE) published Circular E. 2113 of 22 July 2020, which provides guidance on the application of tax residence and permanent establishment rules under Greek tax law and tax treaties during the COVID-19 pandemic. In general, this includes guidance in line with the guidance issued by the OECD in April 2020 providing recommendations on implications of the COVID-19 crisis on cross-border workers and other related cross-border matters.

In particular, Circular E. 2113 provides that the period from 18 March to 15 June 2020 will not be taken into account in determining individual or corporate tax residence or the existence of a permanent establishment (in some cases) where conditions depend on physical presence and the conducting of activities/management (or not) in Greece. This is due to travel restrictions imposed during that period and may be extended depending on restrictions imposed in other relevant countries. However, this generally does not apply where there would normally be a physical presence or conducting of activities/management in Greece regardless of the COVID-19 restrictions.

Specific guidance is also provided with respect to construction/installation permanent establishments. This includes that where a project has been temporarily suspended due to COVID-19, the period of suspension may still be taken into account in determining the existence of the establishment.

Powerful Tax Tools

NEW

FX Rates

Global FX Rates including Tax Year Average FX Rates and Spot Rates for all Reporting Currencies.

NEW

Corporate Tax Rates

Corporate tax rates, surtaxes, and effective tax rates for the current year, as well as historical rates and approved future rates.

NEW

Country Analysis

Detailed tax guidance for companies doing business in over 100 countries, including summaries and snapshots of key tax facts and issues.

NEW

Cross Border Tax Calculator

Calculate total tax costs and benefits of a cross border transaction including withholding tax, participation exemption and foreign tax credit rules.

NEW

Cross Border Tax Rates

Provides Domestic, treaty and EU cross border tax rates for over 5,000 country combinations for 9 different payment streams.

NEW

OECD BEPS Project

Complete overview of the OECD BEPS Project, including daily BEPS news, country adoption of BEPS measures, and an overview of the 15 BEPS Actions.

NEW

Tax Calendar

Customizable calendar tool that tracks corporate income tax, value added tax and transfer pricing obligations by country or entity.

NEW

Tax Forms

English translations of key tax forms for over 80 countries, including tax return forms, treaty benefit forms, withholding tax forms, and more.

NEW

Worldwide Tax Treaties

Repository including thousands of tax treaties (in English), OECD, UN and US Models, relevant EU Directives, Technical Explanations, and more.

NEW

Worldwide Tax Planner

Calculates the worldwide tax cost of what-if scenarios based on legal entity structure, taxable income, and cross border transactions.

NEW

Certified Rates Report

Customizable Certified Rates Report providing updated corporate and withholding tax rates at the end of each month for over 100 countries.

NEW

Withholding Tax Minimizer

Enables quick calculation of tax costs and benefits of cross border transactions considering all possible transaction combinations and optimal routes.

NEW

VAT Rates

Provides value added tax (VAT) rates, goods and services tax (GST) rates and other indirect tax rates for over 100 countries.

NEW

NOL Calculator

Country specific calculator to determine how net operating losses can be utilized in carryback and carryforward years.

NEW

Transfer Pricing Calculator

Calculates TP ratios under various TP methods and calculates the difference between target ratios and actual ratios.

NEW

Individual Income Tax Rates

Individual tax rates for over 100 countries.

Play of the Day

FX Rates

Global FX Rates including Tax year Average FX Rates and Spot Rates for all Reporting Currencies.

We’re here to help

We’re here to answer any questions you have about the Orbitax products and services.

Send us a message

Who’s behind Orbitax?

We’re committed to providing high value, low cost tax research and management solutions.

Learn More