The Greek Public Revenue Authority has published Circular E. 2100 of 18 May 2021 regarding the tax treatment of losses arising abroad. In particular, the Circular addresses losses arising from the exercise of business activity through a permanent establishment (PE). Circular E. 2100 explains that according to the provisions of Law 4172/2013, losses arising abroad through a PE cannot offset current or future profits, with the exception of losses arising through a PE in an EU/EEA country with which Greece has concluded a tax treaty, according to which profits from business activity are not exempt. Further, it is noted that...