OrbitaxOrbitax

Greece Clarifies Priority in Deducting Foreign Taxes Paid

|Approved Changes|Greece
Greece

The Greek Public Revenue Authority (AADE) has published Circular Ε. 2089 of 5 May 2021, which clarifies the priority for the deduction (credit) of domestic income tax withheld, advance tax payments, and foreign taxes paid in determining the tax due for a year. The Circular provides that where a tax treaty applies, the provisions of the treaty are given priority over domestic law. As such, fore…

Continue Reading