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KPP Law partners George N. Kerameus, Stylianos Chr. Papademetriou and Konstantinos Miliarakis contribute to the collective volume Ανταλλαγή πληροφοριών στον τομέα της φορολογίας (Exchange of Information in Tax Matters), from Nomiki Bibliothiki. The Greek-language publication examines the domestic, EU and international framework for tax information exchange, with particular emphasis on the Directive on Administrative Cooperation (DAC).

The volume brings together contributions from 27 Greek tax law specialists, examining the legal and practical dimensions of cross-border cooperation between tax authorities.

KPP Law’s contributions

George N. Kerameus, together with Konstantinos Miliarakis, examines the implementation of the EU tax information exchange framework in Greece and the penalties for breaches of information exchange and disclosure obligations.

Stylianos Chr. Papademetriou, Head of Tax, together with Andreas Kouknis, examines information exchange systems outside the Directive on Administrative Cooperation.

These contributions address two complementary aspects of the subject: the operation and enforcement of the framework in Greece, and its relationship with mechanisms beyond the DAC. Chapter details are available in the publisher’s table of contents.

Tax information exchange and its relevance to business

For businesses with cross-border activities, tax information exchange raises practical questions about reporting obligations, the treatment of financial and transaction data, and the safeguards available to taxpayers.

The publication explores exchange mechanisms involving financial accounts, tax rulings, digital platforms and crypto-assets. It also considers penalties, taxpayer protections and the interaction between different systems of administrative cooperation.

For in-house legal teams, tax directors and financial executives, these topics are relevant to understanding how information moves between jurisdictions and how disclosure requirements relate to tax compliance and the protection of taxpayer rights.

The volume combines legal analysis with an examination of the regulatory and practical issues arising under the DAC and the related Greek framework.

View the publication on the Nomiki Bibliothiki website

Our firm has advised a consortium of four Greek banks in the debt restructuring of a leading yarn producer company, listed in the ASE, including the negotiation, signing and subscription of three bond loans of a total nominal amount of €10mn. and the perfection of various securities.

We successfully represented a leading Greek betting and gaming company before the Administrative Supreme Court (Council of State – “CoS”) at a model (“pilot”) tax trial, on which a landmark Decision under No. CoS 320/2020 was issued. The Court accepted our arguments and annulled the tax assessment acts.  In particular, it ruled that, for tax years 2011-2013 and as concerns the right of the Greek State to make a tax audit, article 82 (5) of Law 2238/1994 (former ITC) and the implementing Ministerial Decision (“MD”) Νο 1159/2011 provide for a valid settlement/closure of the relevant tax cases after a 18-month period, following the issuance of a “clear” tax certificate. Such a settlement is a valid tax regime in accordance with the Greek Constitution.

KPP LAW seeks to hire a Lawyer with 3 to 6 years experience in banking and insolvency, as well as enforcement law. Candidates shall be proficient in English. CVs shall be e-mailed to: [email protected] with code no. 136. All CVs will be kept confidential.

We successfully represented a high-net-worth individual before the Administrative Supreme Court (Council of State, major 7-member composition, CoS Decision No 2691/2019). The Court accepted our arguments concerning the implementation of the principle of retroactive application of the more lenient law in the domain of tax penalties.

Our firm has advised Piraeus Bank in the negotiation, signing and subscription of five bond loans of a total value of €140mn issued by TERNA ENERGY S.A., a corporation listed to the ASE, and four of its subsidiaries.

We successfully represented a high-net-worth individual before the Administrative Supreme Court (Decision No CoS 732/2019 - Council of State) at a model (pilot) tax trial concerning the statutory limitation period of the Greek State to impose taxes, and, in particular, the duration of the limitation period in the event of late tax return filing.