Greece: Transfer pricing documentation deadline is extended

Greece: Transfer pricing documentation deadline

New legislation in Greece extends the due date for transfer pricing documentation preparation and submission.

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The changes—introduced by Law 4410/2016 (Government Gazette Ά 141/03-08-2016)—extend the deadline for preparation by taxpayers of their transfer pricing documentation files and the submission of their “summary information sheets” to the Ministry of Finance. The new due date is the date for filing their annual corporate income tax returns. The new deadline is effective and applies for transfer pricing documentation files prepared for tax years commencing as of 1 January 2015 and later.

The new legislation also provides:

  • A simplified documentation procedure is available for “small entities” as well as exemptions for “very small entities.”
  • The deadline for issuing a decision for advance pricing agreements (APAs) is extended to 18 months (instead of 120 days), measured from the date when the APA application is submitted.
  • The APA issuance deadline may be extended for up to 36 months (on approval). 


Read an August 2016 report [PDF 432 KB] prepared by the KPMG member firm in Greece

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