Among other things, the bill provides for an exemption for up to nine tax years of 30% from the payment of income tax on profits for certain individuals who form cooperatives. A similar arrangement exists for the conversion or combination of individual enterprises.<\/p>\n
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Furthermore, in the case of a business transformation or conversion or combination of sole proprietorships, the tax benefit from the exemption may amount to \u20ac500,000 (US$536,500). In the case of individuals who form a cooperative, the tax benefit from the exemption can be up to \u20ac125,000 (US$134,112) for each individual.<\/p>\n<\/div>\n
With these regulations, the Ministry of Finance aims to strengthen small and micro enterprises, which are the main backbone of business activity in Greece. This targeting is important because it takes into account the prevailing conditions in the more populated areas of the country. At the same time, it also considers the remote mountainous areas, which are characterized by the presence of small enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"
As many countries are contemplating more restrictive controls on gambling activity, Greece is going the other way. Certain online gaming activity no longer has to adhere to the \u20ac2 (US$2.15) cap that limited the market for years. By decision of the Greek Minister of Finance, Christos Staikouras, published last Friday in the Government Gazette, the […]<\/p>\n","protected":false},"author":64,"featured_media":214818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"\n
Greece Erases Cap Limiting Online Wagers - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n