Answer ... Special rules and rates apply with respect to tax depreciation and amortisation.
Answer ... The Income Tax Code provides for the following incentives:
- A super-deduction of 30% is recognised with respect to eligible scientific and technological research expenditure (including respective depreciation).
- A tax deferral (until distribution or capitalisation) is available for profits from the sale of goods manufactured by the legal entity itself using a patent developed by the legal entity and internationally recognised in the legal entity’s name, with respect to the first three years of sales. The same deferral is available if the goods are manufactured in third-party installations, as well as for services consisting of the exploitation of an internationally recognised patent.
- In the case of the creation of new full-time jobs, a super-deduction of 50% is recognised for up to five years with respect to employer’s social security contributions, provided that certain conditions are met.
- The Greek taxable income of legal entities that invest in the production of audiovisual works is reduced by an amount equal to 30% of the eligible expenditure incurred in Greece with respect to such audiovisual works.
The general investment incentive law provides – among other incentives – for tax deferral and a fixed corporate income tax rate (for 12 years) with respect to eligible investments.
Answer ... In general, tax treatment follows the accounts. The selected method of valuation must apply for at least five years.
Answer ... Any income or gain from derivatives is treated as ordinary business income.