Income tax is one of the most fundamental and at the same time complex areas of the Greek tax system. Frequent changes in legislation, interpretations by the relevant authorities, and their application in practice create a constantly changing and demanding framework for taxpayers, accountants, and lawyers.

Specifically, the Income Tax Code (ITC – Law 4172/2013) came into effect during the economic crisis that has defined the course of the Greek economy over the last decade. The ever-changing economic and social conditions (economic crisis, pandemic, etc.) have led to numerous changes in this specific law.

As for the present edition titled “ITC Applications 2024,” the structure of the book has been designed to provide readers with a user-friendly tool for understanding and applying the provisions of the Income Tax Code, as follows:

• Current provision of the article: In this section, the full text of the article is presented, codified with all amendments in effect to date. This presentation allows readers to have immediate and easy access to the current legislation, which has been codified with Law 5104/2024.
• Table of all laws that have amended the article: This table provides a concise overview of all legislative changes that have affected the article from its initial establishment to the present. This allows for an understanding of the evolutionary course of the legislation and helps trace the reasons and objectives of the specific changes.
• Table with additions and deletions resulting from each amendment: This table presents in detail the additions and deletions that have been made to the article with each amendment. This detailed record helps readers pinpoint exactly the changes that have been made to the text of the article and understand their impact.
• Analysis in the form of questions and answers: The analysis of the article is presented in the form of more than 70 questions and answers, addressing practical issues that arise during its application. This methodology allows for a better understanding of the provisions, as it offers direct and clear answers to common and complex questions. Indicatively, the following topics are mentioned: taxation of income from salaried services (“block invoice,” etc.), foreign pensions, concept of permanent establishment, taxation of minors, benefits in kind and exceptions, deductible and non-deductible expenses, depreciation and loss transfers, presumptions, donations and grants, intra-group dividends, business loans.