Tax Leaflet PV

OUR TAX & PRIVATE WEALTH LAW PRACTICE

OUR TAX & PRIVATE WEALTH LAW PRACTIC E

In Greece, tax legislation is a very dynamic area of law as it is constantly and rapidly changing.

Our Tax and Private Wealth team, as an established leader in the market, manages successfully the implementation difficulties that arise.

We maintain a broad client base consisting of multinational corporations, entrepreneurial ventures and high-net worth individuals, handling a wide range of tax and structuring matters. Our focus is to offer a tailored service to their needs, providing comprehensive assistance on every tax and legal aspect. We place emphasis on keeping clients up to date with changes in the law and compliance requirements. In this respect, we work closely with our corporate, employment and litigation departments for providing a fully integrated and focused service, based on a problem-solving approach.

We provide tax advisory services, successfully conclude tax audits and specialize in heavy tax litigation, often creating original legal precedent. Moreover, we deal with international tax structures for investments in Greece and abroad.

We assist individuals in maintaining their assets with tax safety and efficiency and provide solutions for the revision and the enhancement of family business’ structures.

Our Tax and Private Wealth team is well known for its impressive track record of successfully representing clients in international deals, tax disputes vis-à-vis the Greek tax authorities and the Administrative Courts, on the full array of tax issues, including, among others, income tax assessments against high-net worth individuals and tax residence disputes.

From our vast experience in tax disputes with the Greek tax authorities, we have developed unique insights and practices and a deep understanding of the many layers comprising complex tax issues.

Our significant expertise in tax audits and tax litigation makes our Tax and Private Wealth team stand out among Greek tax professionals as the only team offering services of the highest level in both an advisory and a contentious capacity.

AREAS OF ACTION

Asset structuring & protection

Use of private companies and other legal entities

Estate & succession planning

Sensitive wealth transfers and planning

Family governance

Corporate re-domiciliations

Real estate exploitation

Tax compliance

Tax assessments

ENDORSEMENTS

‘‘Practice

‘‘An excellent team with the capability to conclude transactions in a short time frame and to a very high standard.’’

head Aspasia Malliou is well-versed in advising on international tax planning, inheritance tax, capital gains tax and tax structures for families.’’

LEGAL 500 EMEA 2021

CHAMBERS EUROPE 2018

‘‘Aspasia Malliou is rated extremely highly for her professionalism, skill and passion in what she does.’’

CHAMBERS EUROPE 2021

‘‘Exceptional performance by Aspasia Malliou and Maria Kilatou.’’

TAX CLIENT EUROPE

‘‘I find their tax partner to be very practical and hands-on in her advice and very responsive to real needs. A creative and innovative thinker. ’’

TAX CLIENT EUROPE

‘‘Practice head is an excellent professional with strong ideas and determination.’’

REPRESENTATIVE CLIENTS

RECENT HIGHLIGHTS

Handling of a complicated tax issue with no precedent EU or Greek case law in relation to the tax treatment, for the purposes of the Value Added Tax (VAT).

We are providing our tax legal advice on the tax and accounting treatment of the agreements, concluded between EYDAP and the Greek State for the exclusive right of water provision until 31.12.2040.

We are handling the restructuring of the group of company’s business, providing tax planning and corporate tax restructuring services on the group participation. Specifically, successful completion of shares' transfer, corporate merger, amendments of Articles of Association on all the companies of the group.

Handling of a complicated tax issue, requiring EU Directive's interpretation, with no precedent EU or Greek case law in relation to the exemption of transfer taxation in Greece in connection with the transfer of immovable property to “Bank of Cyprus Public Co Ltd”.

Handling of real estate tax dispute before the Council of State, Greece's Supreme Administrative Court, related to mergers and corporate restructuring and legal advice with respect to the tax implications of agreements of intangible assets assignment related to VAT, stamp duty, deductibility of intangible assets depreciations on a corporate income taxation level.

FALCIANI LIST

Handling of income taxation of credit and financial institutions. Special tax treatment of banking and financial products. Tax implications of credit institutions’ cross-border merger and restructuring, such as offset of tax losses arising from business activities and taxation of surplus value. Income tax implications of pension plans.

Handling of any complex tax litigation and advisory project of high tax expertise demands of the group of financial institutions under special liquidation.

Handling tax audits of private clients whose names were on the Falciani list. The above tax audits, which were the cause of intense political controversy in Greece, led to tax charges of around half a billion euros against those involved. Our team managed to successfully handle these cases both before the competent tax authorities and before the administrative courts, achieving sometimes total annulment and sometimes the dramatic reduction of the taxes and fines imposed.

Advise a listed on the stock exchange company and tax planning on tax matters, related to corporate restructuring, mergers and acquisitions.

Aspasia Malliou PARTNER

T +30 210 3380053

E Aspasia.malliou@potamitisvekris.com

Maria Kilatou

SENIOR ASSOCIATE

T +30 210 3380016

E maria.kilatou@potamitisvekris.com

TAX LITIGATION | TAX AUDITS | TAX PLANNING

Aspasia has 35 years of specialization in advising on Tax law and Private Wealth structures. She also manages heavy tax matters before the Administrative Courts and the Council of State.

Her studies in economics have afforded her a business-minded approach to the practice of law.

Aspasia has taken part in committees set up to examine tax legislation in the context of public consultations at the Ministry of the Economy and working groups at the Hellenic Federation of Enterprises for the improvement of taxation system.

TAX PLANNING | TAX LITIGATION | INTERNATIONAL TAXATION | TAX ACCOUNTING LAW

• Athens University of Economics and Business, Department of Accounting and Finance, BSc, 2021

• University of Piraeus MSc in |Banking & Finance, 2013

• Athens University of Economics and Business Postgraduate Diploma in Greek Tax Law, 2012

• National and Kapodistrian University of Athens LLB, 2011

Grigoris Katsoras

SENIOR ASSOCIATE

T +30 210 3380019

E grigoris.katsoras@potamitisvekris.com

Dimitra Katsipi

ASSOCIATE

T +30 210 3380030

E dimitra katsipi@potamitisvekris.com

Charis Stampoulis

JUNIOR ASSOCIATE

T +30 210 3380022

E charis.stampoulis@potamitisvekris.com

Gabriella Maniki

JUNIOR ASSOCIATE

T +30 210 3380136

E gabriella.maniki@potamitisvekris.com

TAX PLANNING | TAX COMPLIANCE | INTERNATIONAL TAXATION | TAX LITIGATION

• Tilburg University, LLM in International Business Taxation, 2016

• Democritus University of Thrace, LLB, 2011

DOMESTIC TAX LAW | TAX LITIGATION | TAX DISPUTE RESOLUTION | TAX COMPLIANCE

• National and Kapodistrian University of Athens, L.L.M. in Tax Law, 2018

• National and Kapodistrian University of Athens (L.L.B.), 2014

• Erasmus, Sorbonne Paris North University, 2014

DISPUTE RESOLUTION | TAX COMPLIANCE

• National and Kapodistrian University of Athens, L.L.B., 2019

• National and Kapodistrian University of Athens, L.L.M. in Public Law, 2020

• Erasmus, University of Bremen, Germany, 2017-2018

TAX CONSULTING | TAX LITIGATION

• National & Kapodistrian University of Athens, LLM in Tax law, 2021

• National & Kapodistrian University of Athens, LLB, 2019