January 2018 Monthly Tax Briefing
The EU excludes eight jurisdictions from the list of non-cooperative offshore zones. Greece ratifies amended protocols to EU Agreements with the Principality of Liechtenstein and the Republic of San Marino for measures equivalent to those in Directive 2003/48/EC. Tax legislation introduces additional measures for the capitalization of tax free reserves and new registration requirements and sanctions, as well as reductions in fines for voluntary payment of taxes. A Directorate is established to combat financial crime and a Circular provides guidelines on the distribution or capitalization of profits from current or previous years.
Click here to read the January 2018 Monthly Tax Briefing.