• Service: Tax, Global Transfer Pricing Services, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 6/24/2014

Greece - Transfer pricing documentation file, summary information sheet guidelines 

June 24:  Guidance issued in Greece concerns the content of taxpayers’ transfer pricing documentation files and summary information sheets for tax years beginning 1 January 2014 and later.

The guidance—Ministerial Decision POL. 1144 (15 May 2014)—amends prior guidelines from April 2014 and clarifies:

  • If a taxpayer can demonstrate that its operating conditions have not changed, comparable data derived from certain databases may be used for up to three tax years, provided that such financial data are updated each year.
  • The concepts of an “incomplete” or “inadequate” documentation file, and of an “inaccurate” and “incomplete” summary information sheet are introduced and defined, and penalties are listed.

Read a June 2014 report prepared by the KPMG member firm in Greece: Issuance of Ministerial Decision POL.1144/15.5.2014 regarding the contents of the Transfer Pricing Documentation File and other related issues for tax years commencing 1 January 2014

Contact a tax professional with KPMG's Global Transfer Pricing Services.

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