Tax Flash: New Law 4839/2021 has introduced certain amendments on tax legislation
New Law 4839/2021 has introduced certain amendments on tax legislation
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Latest news
Tax Policy Alert on the G7 Finance Ministers 'agreement' on Pillars 1 and 2
The G7 Finance Ministers announced an agreement on June 5, in which the participating countries committed to new taxing rights that allow countries to reallocate some portion of profits of large multinational companies to markets (i.e., where sales arise—'Pillar One’), as well as enact a global minimum tax rate of at least 15% (‘Pillar Two’). The meeting marked an early test of whether the US position on the OECD Inclusive Framework’s ‘Taxation of the Digitalising Economy’ project would provide momentum to finding a common base for agreement.
Tax Policy Alert: 130 countries agree on a new international corporate tax framework
Read our PwC Tax Policy Alert that details the key design features of the Pillar One and Pillar Two proposals, and also examines the technical elements of the plan and offers some observations on the overall package.
Tax Flash: New tax provisions
A new bill (Law 4799/2021) has been published in the Government Gazette. The new law introduces certain amendments on tax legislation; among others, reductions on CIT and Tax Advance Payment rates, as well as exemptions from Special Solidarity Contribution.
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