Successful tax dispute resolution on tax deductibility of interest

Our tax litigation team successfully represented the Greek subsidiary of a leading multinational food market chain in a €2.5Μ tax dispute. The dispute concerned the income tax deductibility of interest paid on preferred shares. Contrary to the position of the tax administration that interest on preferred shares should be treated as non-tax deductible dividend, the Court endorsed the position of the taxpayer, confirming the tax deductibility of the payment.

Leading lawyers: Spyros Maratos, Marina Allamani and Evangelia Yotakou