Greece Publishes Circular Clarifying Foreign Tax Credits for Underlying Tax on Profits for Dividends

The Greek Public Revenue Authority has published Circular E.2018 of 28 January 2019, which clarifies the availability of a foreign tax credit for underlying corporate tax paid on profits out of which dividends are paid to a Greek resident. The circular includes that such credit is allowed where an applicable tax treaty provides for it, including the Greek tax treaties with Albania, Armenia, China, Cyprus, Estonia, Georgia, Latvia, Lithuania, Slovenia, the United Kingdom, and Uzbekistan (the …