The Greek Public Revenue Authority has issued Circular E. 2134 of 9 July 2019 to clarify the depreciation of development costs, which includes costs for the application of research results or other knowledge for the production of new or substantially improved materials, products, processes, systems, services, etc. prior to the initiation of their production or use. The circular includes that development costs may be recognized as depreciable assets when the development phase is not completed…