Tax incentives for patents in Greece
By Maria Athanassiadou of Dr Helen Papaconstantinou, John Filias and Associates
A long-awaited legislative initiative recently came into force in Greece. Although primarily aimed at Greek undertakings, it could also interest foreign enterprises considering investing in Greece.
In Greece, the valuation of a company's intangible assets forms part of the company's balance sheet, the rules, requirements and details of which are basically governed by Law 2190/1920, in its various updates through laws and presidential decrees. The rules for assessing the value of goodwill and industrial property rights are set out in Article 43 of this Law. Moreover, a tax of 20% is imposed on all profits or benefits deriving from the transfer of a...
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