Successful resolution of a dispute over accounting disallowances resulting in decreasing the company’s exposure by approx. €11.16M

Successful resolution of a dispute over accounting disallowances resulting in decreasing the company’s exposure by approx. €11.16M

Our tax litigation team successfully represented a leading company in the oil and gas industry before the Administrative Court of Appeal in a tax dispute concerning income tax assessed on accounting disallowances for the tax years 2001-2003. Our tax litigation team managed to achieve favourable decisions resulting in decreasing the company’s exposure by approx. €11.16 M by successfully arguing that part of the accounting disallowances were not justified by the tax authority and that the penalties assessed at the time should be readjusted following the retroactive application of the more lenient penalty.

Leading lawyers: Spyros Maratos and Dimitris Karoutis