The Greek Public Revenue Authority (AADE) has published Circular E. 2189 of 26 November 2020 concerning the application of the tax incentive for the production of audio-visual works in Greece. The incentive, originally introduced in 2013, provides for a deduction equal to 30% of eligible costs incurred in Greece for investments made by both natural and legal persons investing in qualifying audio-visual works (financiers). The Circular explains how the incentive is applied as modified by Law 4704/2020. This includes that the maximum deduction is calculated on the basis of the total annual eligible costs of the investment plan and is...