Incomes generated in 2014 are going to be taxed in accordance with new Income Tax Code - ITC (Law 4172/2013), effective since 01/01/2014. The new tax framework brings significant changes regarding the taxation of payroll and profit income, dividends, capital gains, interests etc.
The Circular 1245/20.11.2014, which modifies Circular 1236/07.11.2014, was released, regulating the settlement of tax liabilities due coming from taxes imposed until October 1, 2014.
The Joint Ministerial Decision No. 53969/2014 / 22.10.2014 was released by the Deputy Ministers of Interior and Development, defining the procedure regarding the issuance of residence permits to individuals who carry out strategic investments.
On 30/10/2014, the General Secretary of the Public Revenue released a Decision on simplifying the process of input VAT deduction. This regulation relates to the approved warehouse-keepers of alcohol and alcoholic beverages owning more than one tax warehouses.
According to par. 3 of Art. 48 of Law. 2238/1994 (old ITC), in case of an increment in a taxpayer’s property coming from an unknown or non-continuous or non-usual source, the taxpayer may be requested to demonstrate: