The following are not deductible for Greek tax purposes:

• Any expenses not incurred for the production of taxable income are not deductible;
• Corporate income tax is not deductible;
• Interest expenses, subject to certain restrictions (see Sec. 12.2.1.) are not deductible;
• Payments made to residents of non-cooperative or low-tax jurisdictions, unless the taxpayer can prove that the payments are not for the purpose of transferring profits, income, or capital to avoid or evade tax (see Sec. 12.5. for details on non-cooperative and low-tax jurisdictions), are not deductible;
• Taxes levied on taxpayers other than the company, but are paid by the company, such as employee income tax are not deductible;
• Capital gains tax on the revaluation of immovable property is not deductible;
• State real estate tax is not deductible;
• Penalties, additional taxes, surcharges, and fines imposed for violations of tax rules are not deductible; and
• Entertainment expenses, except for those paid by companies whose main object is the provision of entertainment services are not deductible.