Third Summer Symposium of ΜStR Law (with photo)

On 12.07.2018 took successfully place the Third Summer Symposium of MStR Law Firm in the hospitable area of ​​the restaurant “Vasilainas” in the centre of Athens.

Subjects of the productive discussion between the partners and our associates were the new prospects of our law firm in the field of foreign investments, real estate -under the scope of the new cadastral system-, acquisitions, taxes, contracts,  the Greek Golden Visa programme, innovation and extroversion of Greek businesses, as well as the changes in the daylife of lawyers after the introduction of the GDPR.

We thank all our associates and our guests for their vivid participation, who help us to become better, more efficient and creative, building solid relationships of trust with our customers.

Conference on “Bioenergy in the Agricultural and Tourism Sector of Greece” (with photos)

The conference on “Bioenergy in the Agricultural and Tourism Sector of Greece”, organized by the Greek-German Chamber of Commerce and Industry in the framework of an initiative of the Federal Ministry for Economic Affairs and Energy of Germany, was successfully held on Tuesday, the 19th June 2018, at the Mediterranean Palace Hotel in Thessaloniki.  MStR Law participated at the conference with the presentation of its associates – lawyers Ms. Eva Keki and Ms. Sofia Deligianni, who had the opportunity to present the legal framework of biogas/biomass in Greece, referring in particular to the stages of the licensing procedure, the support scheme/pricing of the electricity generation with the introduction of L. 4414/2016, as well as to further specific regulations that govern the operation of such plants.

We hope that the creative interaction and the fruitful discussions between the German and the Greek companies, which participated in the conference, will serve as a springboard for the future cooperation in the field of Bioenergy in Greece. Due to its long experience and expertise, MStR Law would be glad to legally support these future cooperations and projects.

 

Bioenergy in the Agricultural and Tourism Sector of Greece

The law firm MStR Law invites you to the conference on “Bioenergy in the Agricultural and Tourism Sector of Greece”, which is organized by the Greek-German Chamber of Commerce and Industry in the framework of an initiative of the Federal Ministry for Economic Affairs and Energy of Germany and will take place on the 19th June 2018, at 9:00 a.m., at the Mediterranean Palace Hotel in Thessaloniki. At this conference MStR Law will participate with a presentation of its associates, Eva Keki and Sofia Deligianni, regarding the legal framework of electricity generation from biomass/biogas in Greece.

Co-organisation of Event, Hellenic-Chinese Chamber and MStR Law Firm (with photos)

The event for the New Legal Framework of the General Data Protection Regulation (GDPR), co-organized by the Hellenic-Chinese Chamber and our law firm, MStR Law, was carried out with great success. The event took place on 17.05.2018 at the Commercial and Industrial Chamber of Piraeus and speakers were Mr. Konstantinos Giannidis, President of Hellenic-Chinese Chamber, Mr. Nikolas Giannidis, Member of the Administration of the Hellenic-Chinese Chamber, Nassos Michelis, Attorney at Law, LL.M. Munich, Senior Partner and Administrator of MStR Law, Mrs Tania Kyriakou, Attorney at Law LL.M., PhD Edinburgh, Associate of MStR Law, Ms. Xanthi Kourti, Attorney at Law LL.M. Athens, Associate of MStR Law and Mr. Stelios Vogiatzis, Director at Mazars Greece.
Photos from the event:

 

Transfer of tax residency abroad. What changes from 2018?

The recent No 1201/2017 Decision of the Independent Authority of Public Revenues of the Ministry of Finance redefined the administrative procedure according to which a natural person who is a tax resident of Greece can transfer his tax residency abroad for the tax year 2016, submitting the relevant application during 2017.

According to the clarifications provided by the above Decision, the procedure and documents needed for the transfer of residency for tax purposes abroad are the following:

  1. The natural persons, who wish to transfer their tax residence abroad, have to submit to the Department or Bureau of Compliance and Taxpayers Relations of their competent tax office until the last workday of the first ten (10) days of March of the tax year following the tax year of departure, the following documents:
  2. a)a M0 Tax Form accompanied (attachments) by the completed TAX forms M1 (“TIN return statement/Changes of Personal Data”) and M7 (“Taxpayer’s Representation Statement”) and
  3. b)a Solemn Declaration In Writing (with the authenticity of the signature certified) about the appointment of a tax representative in Greece.
  4. The official of the Tax Office receives the above documents and completes the relevant electronic application concerning the change of tax residence.
  5. The latest until the last day of the first ten (10) days of Septemberof the tax year that follows the tax year of departure, the following documentation should be submitted to the above competent Department of the Tax Office:
  6. a)a Tax Residence Certificate issued by the competent tax authority of the state the person is claiming to be a tax resident, which proves that it is a tax resident of that state.
  • If there is a Double Income Taxation Avoidance Treaty (DTT) between Greece and that state in force, the interested natural person should submit, in place of the above certificate, the relevant Double Income Taxation Avoidance Treaty Appliance Petition, which incorporates the tax residence certificate (bilingual forms) or
  1. b)only in the case of not issuance of a tax residence certificate by the competent tax authority of the foreign state, an income tax return clearance copy that the natural person has submitted to the other state suffices or,
  2. c)in the absence of a clearance, a relevant income tax return copy or
  3. d)If none of the above mentioned documents can be provided, because the competent foreign tax authorities do not proven issue such certificates, then a certificate issued by any other public or municipal or recognized authorities is required, which proves the permanent and stable residence of the individual in the other country.

The authenticity of the documents described above must be certified, in accordance to the Hague Convection (Apostille) provisions. An official translation of the documents in the Greek language is also required.

Such authentication and translation requirements are not required for the DTT forms nor for the tax residence certificates issued by the tax authorities of the USA and Turkey on the basis of the DTT signed with our country.

  1. The Tax Office is obliged to respond within two (2) months from the submission date of all the documents described above.

If the documentation provided on time by the interested natural person is considered to be sufficient and the tax residence transfer petition is approved, the natural person is considered as a foreign tax resident and the above mentioned Tax forms (M0-M1-M7), the Solemn declaration in writing for the appointment of a tax representative and the relevant approval are forwarded to the competent Department of the Tax Office, in order for the relevant changes to be registered. The tax representative is accordingly notified.

Consequently, the natural person, whose tax residence transfer petition has been approved, is therefore considered by the Greek tax authorities as a foreign tax resident and subject to Greek income taxation only for the income acquiring in Greece.

In contrast, the natural person, which provided insufficient documentation or his/her tax residence transfer petition has been rejected by the competent tax authority, is subject to Greek income taxation for his/her global income as tax resident of Greece. In this case the taxpayer has the right, exercising the relevant legal procedures (ενδικοφανής προσφυγή), to doubt the above decision/judgment of the tax authority and requests the latter to reconsider its decision.

Reduction of the electricity bill in Greece

From the 1st of January 2018, households enjoy a double reduction of their electricity cost. The reason for this is the reduction of the special emission reduction fee (ETMEAR = Eidiko Telos Miosis Aerion Rypon) by 8.48% (from € 0.02477 / kWh to € 0.02267 / kWh), as well as the introduction of a new method of calculation of the daily and nocturnal charges of services of general interest (YKO = Ypiresies Koinis Ofeleias). More precisely, the introduction of three consumption levels, instead of four, and the abolition of the separate calculation of nocturnal consumption, as well as the introduction of the separate calculation of the consumption of each level reduce the charges. Based on the previous system, if a household exceeded a certain level of consumption, was charged with the higher price of the next stage for the extra kWh. According to the new system, only the exceeding consumption quantity will be charged with the higher price.

The table demonstrates the previous charges on the YKO and the corresponding levels of energy consumption within a 4-month period compared to the new ones:

Until 31.12.2017

 

From 1.1.2018

separate charge

·         From 0 to 1.600 kWh:  0,00699 €/kWh ·         From 0 to 1.600 kWh:  0,0069 €/kWh
·         From 1.601 to 2.000 kWh:  0,0157 €/kWh ·         From 1.601 to 2.000 kWh:  0,05 €/kWh
·         From 2.001 to 3.000 kWh: 0,02987 €/kWh ·         Over 2.001 kWh: 0,085 €/kWh
·         Over 3.001 kWh: 0,04488 €/kWh /
Night Charge: 0,00889 €/kWh Day and night charge

 

MStR Law Trainee Ioanna Michailidou, Source: www.energyworld.gr (11-1-2018) with examples.

Energy Saving and RES in the Sector of Tourism

MStR Law will participate in the Business Mission to Germany organized by the Hellenic-German Chamber of Commerce and Industry on “Energy Saving and RES in the Sector of Tourism”, which will be held from 20.11.2017 until 23.11.2017 in Berlin. Participants will visit hotel units as well as model facilities in the field of sustainable energy, with the aim of exchanging know-how, presenting the optimal practices and achieving future Greek-German collaborations in this sector. MStR Law provides constantly its legal services having years of experience in the field of RES, energy efficiency and energy saving, following all the developments in this field and participating actively in relevant initiatives.

For more information, please visit this link of German-German Chamber of Commerce and Industry (in greek).