Greece Publishes General Guidelines for Dealing with the Effects of the Covid-19 Pandemic on Transfer Pricing Issues

The Greek Public Revenue Authority (AADE) published Circular Ε. 2054 of 10 March 2021, which provides general guidelines for dealing with the effects of the COVID-19 pandemic on transfer pricing issues. In particular, the Greek guidelines include guidance on:

• Comparability analysis, including sources of supporting information, due diligence, the re-examination of previously used data, etc.;
• Losses and allocation of COVID-19 specific costs, including with respect to limited risk entities, co…