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Taxation of unlisted Limited Companies

October 31st, 2016

Taxation of unlisted Limited Companies (Council of the State no 1896/2016)
According to the article 13 par.2 of the Income Tax Code, the income of  national unlisted Limited Companies in Greece stemming from shares selling is taxed “based on the general provisions”  and it is deducted from the income tax owed by them (during the same financial year), to the amount of the tax (5% of the “real” shares’ value) that has been paid during the selling of said shares. Any resulting damage from the selling is also considered during the process of finding the clear taxable income of the company, either to function as a tax reducing element or as an element to increase the occurring damage.
In this case were involved: