Greece

Anderson is a local independent tax and accounting firm that offers a wide range of services like as tax accounting, tax compliance, corporate tax services, UNHWI and HNWI tax services and transfer pricing. The firm is led by tax lawyer Nikolaos Siakantaris, who is assisted by tax lawyer Martha Papasotiriou.

During the research phase, the firm assisted a Greek consortium of technology, software, and information technology service providers on developing a transfer pricing strategy. The team also aided a US-based construction firm in executing the procedure for the VAT return of expenses incurred in Greece by the US company's Greek division.

Deloitte Greece's tax and legal practice employs 390 individuals. Services are fully integrated, ranging from corporate and international tax, M&A, global investment and innovation incentives, and transfer pricing to global employer services, indirect tax, and business process solutions. KBVL Law Frim is a full-service Greek law firm that is a member of the Deloitte Legal tax conflict team led by Efstathios Bakalis.

During the research phase, the firm assisted one of the world's largest sovereign wealth funds on the purchase of a majority stake in a hospitality structure with hotels throughout Greece, Spain and Portugal. The team also represented a Maltese online betting company in a tax dispute against the Greek tax authorities before the Greek Administrative Court of Appeal, involving the illegal imposition of corporate income tax.

In January 2023, the team hired many senior and assistant managers, including assistant managers Matentziadi Christina and Zygogiannis Thomas.

Client feedback

“Coordination – cooperation – experience.”

“They are excellent in the area of private client tax; they have significant experience.”

“Having experience working close with Deloitte on tax and accounting requirements of the merger, I noticed a high professionalism and customer focus cooperation in combination with high quality services.”

Dryllerakis & Associates presents a tax department that is entirely dedicated to tax and public law services, beginning with consultation and counselling and progressing to litigation in all types of courts, including the Conseil d'Etat, the Supreme Administrative Court. The department is led by John Dryllerakis, senior managing partner. It provides full-service, high-quality legal representation in all areas of the practise, including tax advising, tax planning, litigation, accounting law, transfer pricing, and white-collar criminal law including tax evasion, anti-money laundering, and outstanding debts to the Greek state.

During the research phase, the firm assisted the Piraeus Port Authority with a tax audit. The team also aided Eurobank with tax audits and reporting obligations.

Client feedback

“Immediate response, consistency, full knowledge of the tax subject, balancing commercial interest with legal advocacy. The Dryllerakis & Associates tax department team consists of highly qualified, dynamic, determined and passionate lawyers.”

“They are great professionals.”

“Technical expertise, responsiveness, pricing.”

“High professionalism, deep knowledge, critical initiatives and personal care.”

Eurofast Greece services include tax, transfer pricing and tax mobility. Anastasia Sagianni, tax and TP service line leader and Maria Sarantopoulou, chief legal and tax advisor, lead the team, which is supported by tax advisers Maria Anastasiou, Panagiotis Chontzeas and Nikos Archangelidis.

The firm recently assisted a major global corporation in the distressed acquisition of a Russian-owned oil and gas operation in a European country. In addition, the team advised a large conglomerate on effective royalty remuneration in order to satisfy statutory standards and maximise the group's tax optimisation.

Tax advisor Panagiotis Chontzeas joined the team during the research period.

EY is a top Greek firm for its complete tax services, which include advice on compliance, tax planning, corporate tax, indirect tax, disputes and international tax. Across its global network, the team has the knowledge, experience and resources to assist multinational corporations in complicated cross-border transactions. Stefanos Mitsios manages the practice, which includes seven tax partners and 330 tax professionals.

During the research period, the firm aided a conglomerate with the entire tax structuring for the group's reorganisation, its operating model and corporate governance reform, as well as its refinancing and debt restructuring. The firm also supported ELLAKTOR with pre-transaction reorganisation as well as comprehensive structuring and implementation of the joint venture mechanics that fit both contracting parties' business aims as well as the bankers' funding constraints.

Koutalidis Law Firm comes highly recommended for its experience in tax and legal services. Its clientele includes multinational enterprises, private clients and non-profit organisations from throughout the world. The tax team is led by George Naskaris, a tax partner.

During the research phase, the firm assisted the Alpha Bank group in all tax-related aspects of a transaction, including performing a deep tax analysis with respect to the specific features, a DAC6 study, and a prospectus analysis on the first issue of AT1 perpetual bonds by a Greek credit institution after the 2019 change to the CRR rules went into effect. Furthermore, the team aided National Bank of Greece with its acquisition of MetLife's Greek and Polish divisions.

Client feedback

“Professional and academic expertise.”

“Well experienced, up to date with developments, easy to reach.”

“The law firm examines thoroughly the issues and gives a robust opinion.”

“Solutions finding is structuring the transaction, effective and business-minded negotiations smooth closing.”

Kyriakides Georgopoulos Law Firm is highly recommended for its experience in tax and legal services. The team advises customers on all tax issues and is skilled at developing innovative approaches to complex transactional issues. Its tax team has grown to include six dedicated lawyers managed by partner Panagiotis Pothos, with the most recent additions being Nefeli Sianidou and Angeliki Miliakou.

The business recently advised insurance giant Allianz on the critical tax aspects of European Reliance's acquisition. The team also advised Lightsource BP on the tax parameters associated with the financing of the buyout of Greek special purpose vehicles involved in the renewable energy sector, as well as the risk associated with the (non) tax deductibility of certain expenses related to exempt participation.

Associate Emmanouela Baliafa Kolovetsiou left the firm during the research period to join EY.

POTAMITISVEKRIS Law Partnership consists of six experienced and devoted legal professionals, including tax partner Aspasia Malliou and five associates. The group's major specialised practice areas include private clients, real estate, audit, corporate tax, tax disputes, litigation and tax structuring. In addition, the team represents clients from a variety of industries, including pharmaceuticals, energy, banking and shipping.

The firm recently assisted AstraZeneca with a challenging tax issue on the treatment of mandatory ‘rebates’ for the purposes of the VAT paid to public medical and health insurance funds by Greek pharmaceutical businesses, if any, the National Organisation for the Provision of Healthcare Services, and medicinal products under prescription. The team also advised Hellenic Petroleum in a dispute involving sophisticated and difficult tax legal problems relating to corporate income taxation stemming from a number of accounting changes, including, for example, the non-deductibility of intangible asset depreciation.

Senior Associate Grigoris Katsoras joined the firm during the research period from PricewaterhouseCoopers.

Client feedback

“Extremely professional and timely advice.”

“Always consult to the point, outlining all possible risks and helping the parties involved to choose the most applicable solution to their issues.”

TPS Greece was launched in 2021 as a subsidiary of the Spanish International TPS, an independent firm founded in 2010 and consisted of highly skilled specialists with extensive experience in tax advice on transfer pricing and related-party transactions. The team provides transfer pricing advice and documentation services to local and global firms in need of an effective approach to the design, execution, documentation and defence of their transfer prices.

The business recently worked on a transfer pricing project that included an economic analysis of a digital finance group for various intragroup transactions. It also assisted a Group Greek company in providing transfer pricing advice and compliance services.

During the research period Andriani Griva Manager joined the firm from Deloitte.

Client feedback

“Professional attitude and manners with a high code of ethics.”

“They have in-depth knowledge of the topic and find customised solutions for clients of all sizes. They are also straightforward and transparent in communications with me and my clients.”

“Professionals, keep time schedules, well-structured benchmark analysis.”

Zepos & Yannopoulos is highly rated for its tax practise and has one of the largest tax practises in Greece, with more than 44 lawyers and accountants. Tax services include transactional tax, business tax counselling, compliance, real estate, private client, transfer pricing and litigation. Yerassimos Yannopoulos, managing partner, leads the team.

The firm advised Greece's natural gas transmission system operator on the customs and VAT implications of leasing a new floating natural gas storage unit in the Revithoussa LNG Terminal throughout the research phase. The team also supported with buy-side tax due diligence in Greece as part of the global acquisition of Muehlhan's operational firms in Europe and the United States by private equity company One Equity Partners.

Several associates were hired in the research period, including Theodoros Papadakis from PricewaterhouseCoopers and Aggelos Gkazounis from EY.

Client feedback

“They have a large team of very experienced lawyers and tax consultants. Their professionals have deep technical knowledge.”

“Timely and well documented response.”

“Experience, proactiveness, timing and most important of all successful outcome of the appeal.”

“They demonstrate high technical skills and industry knowledge, communicate early any unforeseen obstacles and provide constant feedback.”

“Confidence level, credibility, accuracy, discipline, knowledge on the external wider market.”

“They have a very strong international outlook; strong vocation and understanding of local and international laws and perspectives / parameters. High quality services. Always able to deliver within tight timeframes. Very personable.”