On 5 August 2015, the Greek Public Revenue Authority published clarification on providing a bank guarantee to obtain the income tax exemption on dividends under the EU Parent-Subsidiary Directive. Under Greece's implementation of the Directive into Greek law, a two-year shareholding period is required in addition to the standard minimum 10% shareholding participation requirement.
According to the clarification provided by the Public Revenue Authority, when a Greek company has received a divi…