Financial management, accounting

Financial management, accounting

Title
Basic knowledge in taxation of SSE companies in Greece
Country
Greece
Description
In Greece Social and Solidarity Economy entities are regulated in accordance with the conditions described in Law 4430/2016. The Law involves specific restrictions for the sharing of SSE entities’ profit and favorable arrangements for the members-employees and the SSE entities’ taxation as an incentive towards social entrepreneurship. According to article 45 par. d of the new income tax code (Law 4172 / 2013), SSE entities are subject to income tax similar to that of cooperatives and cooperatives’ associations. With ΠΟΛ.1044 / 2015, it was clarified that the cooperatives also include SSE entities (as defined by Law 4430/2016). SSE entities in Greece are taxed like all other Legal Entities with a tax rate of 24% on profits, from the first (1st) euro. The text presents the details of SSE entities’ income tax in Greece.