Following the enactment of Law 3483/2006 (Art. 12), published in the Official Gazette A169/7.8.2006, the tax credit for foreign-source dividends includes the total of the income tax paid, and the dividend withholding suffered, by the first-tier foreign subsidiary or any lower-tier foreign subsidiary of a Greek company, limited to the Greek tax attributable to the dividends. The new provision introduces the conditions of the EC Parent-Subsidiary Directive, i.e. the minimum 2-year holding period (which did not apply so far) and the 20% shareholding (15% from 1 January 2007 and 10% from 1 January 2009)), for the credit relief even in...