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Greece Clarifies Amortization of Intangible Assets and Rights

|Approved Changes|Greece
Greece

The Greek Public Revenue Authority recently published guidance on the amortization of intangible assets and rights. According to the guidance, the amortization is to begin from the month following the month in which the taxpayer begins to exploit the assets or rights. This applies whether the exploitation results in taxable income or not. Where the exploitation begins mid-year, the amortization is calculated in proportion to the remaining months of the year.

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