Law 5066/2023 (hereinafter the “Law”), that has been published on 14th November 2023, incorporates into the Greek legal order the Directive (EU) 2021/2101 of the European Parliament and of the Council of 24 November 2021 amending Directive (EU) 2013/34as regards disclosure of income tax information by certain undertakings and branches. At the same time, its provisions introduce additional disclosure obligations for companies, that enhance transparency both towards society as a whole and towards financial institutions. Specifically, the Law increases the disclosure obligations of multinational groups and certain standalone undertakings, by introducing for them the obligation to submit and publish a report on income tax information in the General Commercial Registry (G.E.MI.). In addition, as per the provisions of the above law, limited liability companies that do not operate it the financial industry but receive financing from credit institutions operating in Greece, are required to submit their financial data to the Central Balance Sheet Office of the Bank of Greece.
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