The Greek Public Revenue Authority recently published guidance on reporting of the lump-sum depreciation of fixed assets. Under the Greek Tax Code, fixed assets with an acquisitions value of less than EUR 1,500 may be fully written off in the year of acquisition. However, under the Greek Accounting Standards Law, such lump-sum depreciation is not possible. The guidance clarifies that any difference must be reported in the annual tax return as a temporary difference between book and tax accoun…