A bill to transpose certain measure of the EU Anti-tax Avoidance Directive (ATAD) was submitted to the Greek parliament on 5 April 2019. In general, the bill amends existing rules to bring them in line with ATAD:
- The interest deduction limitation rules, including that the deduction of net interest expense is limited to 30% of EBITDA or a EUR 3 million safe harbor with excess expense allowed to be carried forward indefinitely and an exemption provided for certain financial undertakings, but w…