Greece Provides New Incentives for Patents and Capitalization of Tax-Free Reserves

Greece has introduced new incentives for patents and tax-free reserves as part of Law 4512/2018, which was published in the Official Gazette on 17 January 2018.

Patent Incentive

The patent incentive provides for a three-year tax exemption on income derived from the sale of goods manufactured by a company under a recognized patent that was developed by the company itself, as well as on income derived from the provision of related services. The profits from such income must be recorded in a…