The Greek Public Revenue Authority (AADE) has published Circular E. 2183 of 10 October 2019, which clarifies the deduction of interest payments that have been grossed-up to include the tax amount.
The Circular provides that where an interest payment is grossed-up, the additional amount is considered the result of an increased rate, which is considered a deductible expense as long as the general conditions for the deduction of expenses are met. This includes that the expenses (a) are incurr…