19 March 2002, C-426/98, Commission v Hellenic Republic
Failure by a Member State to fulfil its obligations -Directive 69/335/EEC - Indirect taxes on the raising of capital - Special charges imposed on the formation of public and private limited liability companies, on the publication and alteration of their statutes and on the increase in their capital
Under the Greek legislation a duty on the concentration of capital is imposed on all companies, legal persons, associations of persons and partnerships, that operate for profit, and branches of foreign companies. The rate of that duty is 1 per cent.
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.