With Law No. 4935/2022, the Collaboration of Persons was also provided for. The persons involved in the collaboration must:
a) Not be connected to each other.
b) The form of collaboration must concern the following three forms:
- Establishment of any form of legal entity by two (2) or more persons, including partnerships cooperatives, organizations, or groups of producers regardless of legal form. In this case, each of the collaborating persons contributes to the share capital of the legal entity under formation or the legal entity with an amount equal to at least 10% of the share capital, and the share capital of the new legal entity does not fall below the amount of 125,000 euros.
- Collaboration with the subject of contractual agricultureprovided that the collaborating producer contributes to the buyer quantities of products equal to at least 40% of the total quantities of similar or similar products produced by them.
- Franchise agreement. The incentive of exemption is provided exclusively in favor of the franchisee.
c) The purpose of collaboration is the joint promotion of the business activities of the collaborating companies or individuals,
d) The duration of collaboration is at least 5 years years from the date of signing the agreement or establishment of the legal entity or legal entity,
e) The total average turnover of the companies participating in this, taking into account the previous three years, is at least equal to 150% of the turnover of the company with the highest, among the collaborating companies, average turnover of the last three years.
Benefits
- Exemption from the payment of income tax by thirty percent (30%) for each collaborating person on pre-tax profits.
- If the collaboration is based on the establishment of a new legal entity or other legal entity, each of the collaborating persons contributes to the share capital of the legal entity under formation or the legal entity with an amount equal to at least ten percent (10%) of the share capital and the share capital of the new legal entity or legal entity does not fall below the amount of 125,000 euros.
- Duration of exemption up to 9 tax years starting from the next year of the date of commencement of any form of collaboration.
- 3. Non-exceedance of the tax benefit over 125,000 euros for each of the collaborating persons, calculated on the profits resulting from the collaboration, for a period of up to nine (9) years from the date of application of the tax exemption.
You can send us a message on the Contact Form or you can call us in our office in Athens 2106810690 or in Thessaloniki 2310477725 to discuss all the above.
