![]() ![]() And under the precondition that they do not belong to the limitative list of non-deductible expenses of Articles 23 and 48 of the Income Tax Code. ![]() They have to be entered in the accounting books of the company in the period they incurred and substantiated by adequate supporting documents (the concept of the supporting documents foreseen by the law is wider than the tax documents and they include: data as they are provided by the relevant provisions of the newly published Greek General Accepted Accounting Principles, such as public or private documents, outturn data, etc.).They correspond to real transaction, the value of which is not considered inferior or superior to the market value according to the information which are available to the Tax Authorities.Expenditure incurred in the interest of the business or in the ordinary course of trade. ![]() More specifically, a general rule has been defined, that the business expenses are deducted from the gross income of each financial period, if the following conditions are cumulatively met: 2238 / 1994), which applied for decades in our country, among others also the provisions have been modified which define the deductible expenses of an entity through its business activities. Under the provisions of the above tax law, the provisions of which have reformed fundamentally the basic law regarding the income taxation (L. ![]()
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