On November 14 2017 the Tax Department opened a public consultation on proposed legislation to implement the EU Anti-tax Avoidance Directive (2016/1164/EC), as amended by EU Directive 2017/952, which extends the rules to hybrid mismatches involving:

  • third countries;
  • permanent establishments;
  • hybrid transfers;
  • imported mismatches; and
  • dual resident mismatches.

The consultation period will last until December 8 2017. The consultation documents, which are in Greek, are available on the Tax Department's website.

For further information on this topic please contact Philippos Aristotelous at Elias Neocleous & Co LLC by telephone (+357 25 110 110) or email ([email protected]). The Elias Neocleous & Co LLC website can be accessed at www.neo.law.