Brussels Tax Alert

A. Beneficial tax regime

Law 89/1967 "On the Establishment in Greece of Foreign Commercial and Industrial Companies" was meant to attract foreign investments in Greece, by providing a wide range of benefits regarding exemption from taxes, custom duties, etc. to certain foreign companies, including the personnel thereof, that would choose to become established in the country and conduct their business abroad.

For compliance purposes with EU state aid rules, the Greek State decided to amend Law 89/1967 and introduced the Coordination Centre model as defined by the OECD¹ in combination with the cost plus transfer pricing method² as a beneficial corporate scheme appropriate for large business organizations.³