Greece has published Law 4607/2019 in the 24 April 2019 edition of the Official Gazette, which includes measures to transpose certain aspects of the EU Anti-Tax Avoidance Directive (ATAD). This includes the replacement of existing rules to bring them in line with ATAD:
- The interest deduction limitation rules, including that the deduction of net interest expense (borrowing costs) is limited to 30% of EBITDA or a EUR 3 million safe harbor with excess expense allowed to be carried forward inde…