A number of incentives for companies that implement investment projects not only under the last two development laws, but even for investment projects subject to law 3299/2004, have recently been granted by the government through various legislative acts. Now a typical example is the new extensions for the implementation of investment plans, extensions that will make the average citizen think that the investments they concern are probably a lot … “Arta’s bridges.”

In particular, Law 5019/2023 provides that the deadline for completing part of the investment plans of Law 3299/2004 is extended until September 30, 2024, and under certain conditions until September 30, 2025. This special “simplification” procedure applies to investments. Art. 8 paragraph 1 plans of Law 3299/2004 (A΄ 261) are investment projects that normally receive 50% assistance after the completion of 50% of the investment – and it is assumed that they can receive an extension of their completion until September 30, 2024 after: a ) an application by the subject of the investment plan to the competent authority, b) a certificate from a competent engineer for the implementation of the investment plan at a rate of at least 25% when submitting the application, and c) a certificate from the credit institution that issued the letter of guarantee, or its successor on non-payment of the amount of the advance paid to the authority of the investment project . In fact, if 50% of the approved investment plan is implemented by that date, then the completion date is extended by another year, essentially until September 2025.

The same law also provides that even if decisions are made to cancel decisions on the inclusion of investment projects in the development law due to the expiration of the deadline for their completion, the decisions on inclusion are returned to force. . It is worth noting that a few months before, and especially with the law 5007/2022, which was adopted at the end of December 2022, an extension had already been given and a deadline was specifically provided for the completion of the investment plans of the law. 3299/2004 for another 9 months, i.e. until September 30, 2023, as well as the extension of the deadlines for the implementation of investment projects of the building law 3908/2011 until the end of 2023.

Assistance to investment projects within the framework of development laws is also provided for in the bill of the Ministry of Infrastructure and Transport “Regulations on Development, Infrastructure and Support for Entrepreneurship and Tourism”. The multi-bill under consideration has not yet been submitted to Parliament, which is expected to happen in the near future, but it is one of two multi-bill that were submitted for public comment within a few days and in fact in the midst of the holidays (February 26 to March 1, 2023 of the year). However, it is assumed that they will have the opportunity to receive a tax exemption without completing the investment, and even for the 2022 income of a company whose investment plans were subject to two previous development laws, 3908/2011 and 4399/2016. In particular, companies whose investment plans were subject to the two laws mentioned above and who, by December 31, 2022, have applied for certification of the implementation of 50% or 65% of the physical and financial object of their investment plan or its completion, are eligible to use the exemption from taxes, excluding income earned in 2022 if the certification decision is issued before the income tax filing deadline for the 2022 tax year. that the use of the tax exemption before the completion of the investment is valid only for the investment plans of the latest development law, 4887/2022.