Greece vs “Clothing Distributor Ltd.”, June 2022, Tax Court, Case No 2400/2022

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Following an audit, the Greek tax authorities determined that the remuneration of a Greek Clothing Distributor had not been determined in accordance with the arm’s length principle. On that basis an upwards adjustment of the taxable income was issued.

An appeal was filed by “Clothing Distributor Ltd.”

Judgement of the Court

The court dismissed the appeal and upheld the assessment issued by the tax authorities.

“the findings of the audit, as recorded in the partial income tax audit report of 29/12/2021 of the C.E.M.E.P., on which the contested act is based, are considered valid, acceptable and fully justified”

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