Tax in Greece
Dryllerakis & Associates is 'indisputably a top tier tax practice' with 'excellent knowledge, effective communication and high rates of success'. The team's expertise spans the full range of tax-related matters including advice, planning, litigation, transfer pricing and accounting work. In addition, criminal matters including tax evasion and anti-money laundering cases are also areas where the practice is well-versed. Practice head John Dryllerakis is 'one of the most experienced and venerable tax lawyers in Greece'; he recently represented PAOK, the largest football club in Greece's Macedonia region, in a tax audit relating to remuneration given to its athletes. Clients also stem from a broad array of sectors and include credit institutions and telecoms, breweries, shipping, real estate and entertainment companies. Eleftherios Rantos is one of many associates praised for their 'outstanding collaborative and legal skills'. Sophia Grigoriadou departed.
‘The firm’s expertise, in depth knowledge and holistic approach is profound. Also the ownership they present in the cases they are handling is one main reason to work with them. The firm is considered by the Greek legal society as Tier 1 in multiple practices. In relation to the tax practice it is fair to say that this is indisputable, since their practice on many occasions not only served their clients’ interests in the best possible way, but also transformed the Greek state’s tax approach by creating tax precedents & best practices.’
‘Excellent knowledge, effective communication and high rate of success.’
‘Mr. Dryllerakis has a deep knowledge and understanding of the sector. He is one of the most experienced and venerable tax lawyers in Greece. ‘
‘The team of Dryllerakis and Associates is characterised by its timeliness and excellent quality of legal services, having delved into complicated tax matters concerning several jurisdictions.’
‘The individuals of the firm are highly qualified attorneys, with extensive experience in dealing with complex issues both domestic, and cross-jurisdictional.’
‘John Dryllerakis’ expertise in tax matters is unparalleled in the industry, and he maintains a close insight and involvement in all issues handled by the team, ensuring the high quality of legal services provided by the firm on tax issues.’
‘Our collaboration with Eleftherios Rantos, John Papadakis, Nikolaia-Anna Lepida and Dimitris Karavas, associates of the firm, has been longstanding and always fruitful. They are all highly skilled attorneys, extremely efficient, and their outstanding collaborative and legal skills make them trustworthy and our only option for collaboration when a complex legal tax issue arises.’
OPAP S.A. (Greek Lottery)
AEGEAN AIRLINES S.A.
SIEMENS HELLAS S.A.
PAOK FC (Greek Football champion team)
Thessaloniki Port Authority
MIELE HELLAS Ltd
PRAKTIKER HELLAS S.A.
Hellenic Petroleum Group (Hellenic Fuels)
WIND HELLAS S.A.
SFAKIANAKIS Group of Companies S.A.
- Assisted Eurobank Ergasias with the imposition of share transfer taxes in cases of acquisition of failing credit institutions.
- Represented OPAP in a case of non-recognition of depreciation made on software licenses.
- Participated in a pilot trial for Henkel Hellas before the Supreme Administrative Court regarding the reduction of VAT in the case of bankruptcy or insolvency of the counterparty.
Lawyers at PotamitisVekris Law Firm are highly-regarded for their 'invaluable knowledge about intricate tax affairs in Greece'. Its advisory offering consists of transactional, operational and structural planning experience with further expertise in the tax considerations of M&As, spin-offs and demergers. Income tax, VAT and stamp duty issues are also core strengths for the group, with contentious work including tax audits, administrative dispute resolution and tax disputes pertaining to pre-insolvency and insolvency proceedings. Department head Aspasia Malliou is 'one of the best tax lawyers in the country'; she represents high-net-worth individuals and entrepreneurial ventures in addition to multinational corporations. Associate Maria Kilatou is an expert in international tax law.
‘They handle complex matters and provide output in a simple and understandable way. Well documented but also active listeners. They evaluate the information provided to them and provide advice in an open and transparent way, Active listeners, open-minded with positive approach. Team work, understand business needs.‘
‘My experience with the team was truly exceptional, especially when compared with previous collaborations with other law firms. The team recognised immediately the true needs of our case and achieved excellent results. With top expertise, they put forward the right strategy and worked closely with my company and myself to devise an individual approach that led to a very effective representation.‘
‘I worked almost exclusively with Aspasia Malliou, partner of the firm. Her deep knowledge of the issues involved was fundamental to a very successful representation. Her devotion, flexibility and support as well as her ability to work with third parties made us feel like partners and not clients. We would recommend her with the highest marks.‘
‘Invaluable knowledge about intricate tax affairs in Greece. Honesty, sharpness, skilfully navigate client relationships and tough tax issues.‘
‘Knowledgeable. Efficient, to the point.’
‘Excellent knowledge of jurisprudence and judicial procedure, professional, responsive and to the point. Aspasia Malliou is rightfully one of the best tax lawyers in the country. Knowledgeable, professional, high calibre, exceptional.‘
Citibank International Plc
British Airways SA
Hellenic Grains SA
Prodromos Pavlides SA
Emporiki Rent S.A.
Bank of Cyprus
Profile Systems and Software SA
Forbisson Limited (Gavriel Panagiotidis)
Helen Papakonstantinou – Simos Sikiaridis
Petros and Panos Bitsos
- Acted for Bank of Cyprus in a matter with no precedent in EU and Greek case law as regards the exemption of transfer taxation in Greece in connection with the transfer of immovable property to Bank of Cyprus.
- Provided advisory tax services to Grivalia Properties REIC in relation to special real estate taxation.
- Acting for Enercon on a tax audit related to tax imputation of approximately €9m.
Zepos & Yannopoulos is 'distinguished for its customer focus and solution-driven orientation'. Clients note its 'comprehensive consultancy on a wide variety of issues' including tax controversy and litigation, corporate and M&A-related taxation, compliance work, VAT issues, indirect tax matters and customs and transfer pricing mandates. Practice head Yerassimos Yannopoulos represents ultra-high-net-worth individuals, and the group's wider client roster also includes high-profile corporate multinationals. Elina Filippou 'thinks outside of the box' and 'inspires a great deal of confidence'. In a recent highlight, Airbnb engaged the group for advice on the VAT considerations of its newly introduced B2B and B2C services in Greece, while Grundfos also received tax compliance and tax management support. Senior associate Hara Strati is recommended for her knowledge of European and international tax law.
‘Elina Filippou and Elina Belouli. Friendly and personal touch combined with a detailed knowledge of their specialisms. They also think out of the box and are very good at explaining intricacies. They gave me a great deal of confidence I had found the right people to work with.’
‘Zepos & Yannopoulos’s tax practice is distinguished for its customer focus and solution-driven orientation, providing at the same time high quality and comprehensive consultancy to a wide variety of tax issues. Representing a team of individuals with extensive experience and high efficiency in managing tax related matters. The team safeguards the core of its practice business and it proactively addresses the complexities of both the business and regulatory environment.’
‘The team of Zepos & Yannopoulos is a very effective team with excellent collaboration among them, there are people with expertise and we always have the confidence that what they propose is the solution that is very well covered and analysed. They know our business model very well. As I said above the biggest advantage is the knowledge and confidence that the work they have done has been analysed from all the angles. Alexis Karopoulos, who is our main partner, is very well educated and excellent in collaboration and communication.’
Stavros Niarchos Foundation
- Advised Booking on Greek VAT matters in relation to its booking platform operation.
- Provided transfer pricing advisory services to Pierre Fabre and represented it in administrative dispute resolution and in implementing a MAP application under the EU Arbitration Convention.
- Providing transfer pricing advisory services to Volotea.
With 'excellent knowledge in the tax field', the practice at Bernitsas Law 'always keeps updated on new regulations'. Clients include private and public companies, individuals and partnerships who rely on the team for corporate advisory and transactional work in addition to investigations and disputes. Wealth and estate planning is also a keystone of the practice, as is cross-border structuring and liability work. The department is headed up by Panayotis Bernitsas, who has extensive experience handling tax controversies. Counsel Fotodotis Malamas is singled out for praise by clients.
‘The team that deals with tax issues is a very strong one with excellent knowledge of the field and always updated on new regulations. Each month they circulate a bulletin with any new/ changes in the tax, which is very helpful for us as clients.They are available to discuss any issue and propose adequate solutions.’
‘Very strong knowledge and persistence in overcoming all sorts of problems caused in our country by the administration. They are always there when you need them and deliver results on time. I could mention the names of Mr. Fotodotis Malamas and Mrs. Evi Kitsou.’
‘Up to date with recent tax legislation developments. Efficient, value for money, responsive.’
- Advised Hellenic Healthcare Holding, a company primarily controlled by funds advised by CVC, on the tax planning aspects of its acquisition of 100% of Ygeia, a leading private healthcare provider in Greece.
- Advising Pimco on the tax aspects of the ongoing process for Project Pillar and Project Europe, launched by Eurobank, involving the securitisation of residential, personal and small business loans (Project Pillar), and the tax aspects of the acquisition of a majority shareholding in FPS, a licensed servicing company that is currently fully owned and controlled by Eurobank (Project Europe).
- Advised Samsung Electronics Greece and Innoetics on the tax aspects of their merger by absorption.
Fortsakis, Diakopoulos, Mylonogiannis & Associates Law Firm
‘Excellent expertise combined with professional experience’ distinguishes Fortsakis, Diakopoulos, Mylonogiannis & Associates Law Firm in the market. The team regularly advises domestic and international clients on the tax implications arising from the conduct of business. The team also possesses vast experience in an array of direct and indirect taxation matters, undertaking non-contentious work in addition to tax disputes, customs litigation and alternative dispute resolution. Petros Pantazopoulos heads up the department, which includes associate Katerina Sideromenou, who is well-versed in tax disputes.
‘Excellent expertise combined with professional experience, stunning results in case management; prompt response in urgent requests; outstanding literacy records; transparent invoicing of services; excellent negotiation skills.’
‘Partners are always well prepared; persuasion and excellent negotiation skills; they create confidence for the client and keep the client well informed; ability to correctly detect the legal aspects of the case assigned and proceed to legal motions/action needed; readiness to work hard.’
Hellenic Petroleum (HEL.PE)
Thea Artemis SA / TEN BRINKE HELLAS SA
Joint Venture owning Casino Loutraki (Club Hotel Casino Loutraki SA holds the majority rights in the JV and its management).
Co-operative Union of Tobacco producers in Greece
- Represented Hellenic Petroleum in its claim for the refund of tax withheld on payment of interests amounting to more than €3m.
- Represented Vodafone-Panafon in its claim for the refund of €13m of stamp duties imposed on cross–border cash pooling transactions.
- Advised DEPA on issues relating to the tax treatment of tax withheld on payment of dividends.
Stavropoulos & Partners ‘has an exceptional reputation for its tax litigation work with an outstanding track record’. The team handles disputes and non-contentious advisory matters relating to the interpretation of EU law, state aid recovery issues, VAT refunds, stamp duty work and municipality tax. Additional fields of expertise include transfer pricing issues, double taxation treaties, excise duties and indirect tax matters. Practice head Ioannis Stavropoulos is ‘a prominent, well-acknowledged tax lawyer’, and senior associate Evgenia Kousteni supports clients with day-to-day advice and handles tax audits.
‘The firm is a real market leader for tax matters. It has an exceptional reputation for its contentious work with an outstanding track record of successful cases.’
‘Ioannis Stavropoulos, head of the team, is a prominent, well acknowledged tax lawyer. He has fundamentally contributed to the formation of the existing tax legislation and case law. Ioannis has a strong reputation for providing advanced and concrete advice on complex and challenging matters. He is a valuable speaker in many scientific conferences and very much appreciated in the Greek tax scientific society.’
AGET Heracles (LafargeHolcim subsidiary)
Hellenic Recovery Recycling Corporation (HE.R.R.Co)
- Defended Pfizer, Novartis and Bayer in major tax audits and administrative and judicial proceedings.
- Led a landmark pilot trial before the Supreme Administrative Court successfully representing Coca-Cola in issues relating to VAT recovery on bad debts.
- Obtained an annulment at the Supreme Administrative Court of a multi-million state recovery act, representing Coca-Cola.
Andersen Legal - Pistiolis - Triantafyllos & Associates Law Firm ‘demonstrates the highest professional standards in every case it handles’. Multi-jurisdictional tax matters are a particular focus with the team handling a range of mandates including tax treatment issues for cross-border mergers, transfer pricing work and double taxation treaties. Overseen by Martha Papasotiriou, who has ‘excellent analytical skills’, the team represents a number of high-net-worth individuals along with clients in the TMT, construction, energy, tourism and manufacturing sectors.
‘The whole team demonstrates the highest professional standards in every case they handle. All work is done on time, within strictly stipulated time frames and with proper quality. The team has deep knowledge and expertise and uses the appropriate methodology and tools according to each project specifications.’
‘Martha Papasotiriou handles our tax related issues. She has excellent analytical skills and she offers accurate and effective advice. She is reliable with a prompt response time and impressive deliverables. She always has a positive attitude against every problem, provides innovate solutions and transforms problems to opportunities.’
‘Nikos Siakantaris has a broad industry and commercial knowledge. He is client oriented, he understands business objectives and sets clear goals to each project. He has exceptional team building skills and he can motivate other people to deliver their work on time and with high quality.’
‘We have work with Andersen Legal tax team for many years. They are efficient, fast and business oriented. Together we handled many international clients and they gave solid advice in complicated matters. They know how to give practical advice and at the same time to be on the safe side. I would definitely suggest Andersen Legal to handle tax cases.’
‘Nikos Siakantaris is one of the most important and well known tax advisers in Greece. Martha Papasotiriou has vast experience, she is trustworthy and easy to work with.’
Intrasoft International S.A.
Several Greek Ultra High Net Worth Individuals in relation to Lagarde and other Lists
Eleia Hotel Ltd
Odyssey Venture Partners
B2B Kapital S.A.
Sikyon Beach Hotel
Encode Middle – East FC LLC
Encode UK LTD
Agence France Press
Technincal Chamber of Greece
Apospi Holdings S.A.
Medical Marijuana Group Corporation
- Providing transfer pricing advice to a group of companies that has subsidiaries in the UK, UAE and Qatar.
- Acted for Desbuild on a procedure for the VAT refund of the expenses that were realised in Greece by the Greek branch of the US Company.
- Acting for Lenny Group on high-value international tax issues regarding the expansion of the activities of its real estate investments in Greece.
The practice at Avramopoulos & Partners specialises in advising on the tax aspects of acquisitions, including matters involving a foreign jurisdiction. Led by Vassilis Avramopoulos, the team is also knowledgeable of tax planning and transfer pricing work, capital market transactions, financings and capital market mandates. Real estate-related tax is a further strength, and the group also demonstrates a proven track record in acting for telecoms and e-commerce companies.
- Advised the Italian entity of a major Japanese car manufacturer on tax implications.
- Assisted an Italian company with regards its transfer pricing analysis.
- Acted for a major multinational group of companies in the alcohol sector on tax issues.
C. Papacostopoulos & Associates, in association with KPMG Greece is equipped to act in tax disputes up to the Supreme Administrative Court level and also has experience representing clients before the EU and other international courts. In addition, the team’s comprehensive non-contentious offering includes drafting legislative texts, document preparation and advising on administrative matters.
The team at KBVL fields ‘outstanding tax consultants with strong academic and professional backgrounds’. George Venieris and Efstathios Bakalis jointly head up the department, which is able to call upon accountants, consultants and financial advisers from the Deloitte global legal network and specialises in tax controversy and litigation work in addition to private client matters.
George Venieris; Efstathios Bakalis;
‘Efstathios and his team have a profound knowledge of the Greek tax regime in its entirety, they know how the authorities think and act and they are set apart for their exquisite litigation skills and results.’
‘Very professional approach with a positive attitude to give solutions to the problems. Very good availability and quick reaction.’
‘The team is particularly strong in cross-border tax and estate planning, involving assets and or individuals with connections outside of Greece. Their grasp on international matters makes them particularly attractive as a service provider.’
‘George Venieris clearly stands out. His grasp of Greek individual and corporate tax coupled with an exposure to international matters make him a very valuable addition to any team involved in estate and tax planning for Greece-based families and entrepreneurs.’
‘Deloitte Tax has put together outstanding tax consultants, with strong academic and professional backgrounds, and who inherently strive to grasp new business opportunities and become market leaders. They are one of the few who pushed forward for the establishment of a tax framework applicable to trusts and foundations, and who made a business object out of it filling in a significant gap in the Greek succession planning market. They stand behind the advice and information they give and are well respected and recognised as tax gurus by the local tax administration.’
‘I have worked closely on several occasions with George Venieris, and can only speak very highly about the quality of his services and business acumen. George has a remarkable business oriented legal sense, which distinguishes him from his peers. He will use the tax and legal arsenal as a tool to find the best possible solution for his clients and not regard it as a set of obstacles against it. He has an outstanding skill of presenting and explaining complex concepts in a most simple way and of providing clients with the necessary comfort and reassurance.’
‘We mainly collaborate with the litigation team of Deloitte in the context of tax disputes. Their great advantage versus other firms is that they combine the litigation expertise with a holistic overview of the Greek tax legislation coupled with their undisputed reputation as one of the “big four” in the sector. under this premise the advise we get is strategically acute in the sense that the litigation process becomes part of a bigger plan on how to handle the challenges of the tax legislation.’
‘Mainly we collaborate with Mr. Stathis Bakalis. Stathis is one of the most prominent tax lawyers of his generation and he has managed to already make his mark as a prominent litigator having being pivotal in handling tax cases which ended up with some landmark decisions issued by the Greek State Council in the last years and which confined the powers of the tax authorities against the taxpayers.’
‘Mr George Venieris: excellent technical knowledge, client-centric, pleasant to work with. Ms Angeliki Miliakou: prompt, meticulous, very good technical knowledge.’
- Supporting a client in an audit for tax year 2012.
- Drafting and filing judicial recourse before the Administrative Court of Appeal of Athens against a high-value tax assessment.
- Drafting and filing an administrative recourse against tax assessment for tax year 2016 before the Dispute Resolution Directorate.
At Iason Skouzos & Partners, the 'very responsive and commercial' team compliments its tax expertise with specialist sector knowledge of the tourism, telecoms, media, real estate, health, transport and retail industries. Practice head Theodoros Skouzos 'can be counted on to get the best result' and represents high-net-worth private clients in addition to corporates. The team handles the full range of advisory, planning and litigation work and includes the highly recommended Georgia Tsoulou; she recently acted for Nokia, Solutions and Networks on the implementation of R&D-related tax incentives.
‘Excellent work. Excellent communication. Excellent overall. Theodoros Skouzos.’
‘Personal touch and approach to client contact especially first contact. They were able to give us the appropriate legal advice and guide us to the best outcome for our situation. When we contacted other firms the first thing they informed us about was the cost of the first meeting rather than asking us about our problem. They were very good listeners and more importantly asked us questions – the right questions, questions we did not think about, this showed us excellent knowledge of the field. They did not give us false assurances, straight to the point, they managed to solve our problem in as little time as possible and obviously as little cost as possible to us.‘
‘A very responsive and commercial firm, which is very knowledgeable in its fields and strives to get the best result. Theo Skouzos is excellent – very knowledgeable, but tempered with a very good commercial approach to problem solving. Theodoros always makes himself available and can be counted on to get the best result for clients.‘
Nokia Solutions and Networks
Zero One Logic
Constant & Constant LLP
Stephenson Hardwood LLP
Tallon Trading AG
- Advised Hatsios Group on the legal framework and tax considerations regarding real estate issues.
- Advised a private client on tax liability issues and tax obligations regarding tax property income.
- Assisted with tax liability and tax obligations relating to income tax and inheritance tax for a foreign person.
‘The depth and bread of knowledge’ at KLC Law Firm ‘ensures that they are able to support every client’s business needs’. Practice head Xenofon Papayiannis, is praised as ‘an excellent legal adviser on tax issues’, and is the key contact; he advises on the full spectrum of tax law, handling advisory and contentious matters. Areas of key expertise include corporate taxation and restructuring issues, M&A work, VAT matters and international tax planning.
‘Xenofon Papayiannis, the partner in charge of KLC’s tax practice, has over 19 years of experience in tax services (out of which almost seven years with the tax department of a big four firm). Xenofon has an extensive advisory experience covering the full spectrum of Greek tax law. His main field of expertise is corporate taxation and restructuring, M&A, and international tax planning. Also, he has significant exposure to VAT and he has conducted tax litigation for both businesses and individuals.’
‘KLC Law Firm offers a significantly high level of service in terms of response time, business acumen/industry knowledge, appropriateness of advice, strength-in-depth of team and value for money. Their depth and breadth of their knowledge ensures that they are able to support every client’s business needs successfully and provide high quality, innovative legal solutions in the increasingly complex area of legislation and practice.’
‘Mr. Xenofon Papagiannis is an excellent legal adviser on tax issues with numerous strengths and qualities such as correct judgement, analytical skills, creativity, perseverance and commitment.’
Athens International Airport
Médecins Sans Frontières
S. Patakis Publications
- Advised the Papatheocharis Group on a €30m share sale.
- Advised AIA on a concession extension agreement with the Greek State of a value of €1.1m and related finance documents.
- Providing ongoing tax advice to Adidas Hellas on various day-to-day issues.
Kyriakides Georgopoulos Law Firm ‘has a thorough knowledge of tax issues in Greece and internationally’. Its work encompasses corporate and personal tax advisory work and structuring matters in addition to a range of controversy mandates. Department head Panagiotis Pothos provides ‘very well structured arguments’; his team represents a diverse group of clients including companies in the real estate investment, commercial banking, energy, private equity, manufacturing and automotive sectors.
‘The team has a thorough knowledge of relevant legal framework as well as a deep understanding of business needs which is not easy to find.’
‘Mr Pothos was very clear in his advice and very well structured in his arguments, always discussing different options to find the best solution for the client.’
‘Kyriakides Georgopoulos Law firm team has a thoroughly knowledge of the tax issues and updates in Greece and Internationally. What makes the difference with the other firms is that they give focused answers which help me not lose time and resources reading unnecessary long emails, without adding value to our organisation.’
‘They are always to the point and they try to help by giving precise and clear answers on the issues. They are fast in responding to our questions and you can reach them even in non-working hours.’
‘Flexibility, professionalism, good terms.’
Senfluga Energy Infrastructure Holdings SA and its shareholders
EDP Renováveis SA
Herbert Smith Freehills LLP (London)
Coty Inc. subsidiaries: Coty Hellas AE, Wella Hellas MEPE, Coty Geneva S.A., HFC Prestige Sarl, OPI Products Inc.
- Advised Frigoglass SAIC and its subsidiaries on the corporate, finance and tax aspects of its debt restructuring and equity recapitalisation.
- Successfully represented the subsidiary of a Fortune 500 logistics company in a series of complex transfer pricing, VAT and stamp duty cases.
- Represented the liquidator of TBank before the Greek Council of State in a complex corporate income tax litigation case.
At Platis – Anastassiadis & Associates Law Partnership, department head Tassos Anastassiadis represents clients in the consumer manufacturing, alcoholic beverage, pharmaceuticals and defence industries, among others. Tax controversy is the main area of focus for the team with experience spanning from the first phase of negotiations with the tax authorities through to contentious matters in the Supreme Court. The firm is associated with EY Law.