Through a breakthrough decision of the Court of Appeals, our firm secured for two of our individual clients a win leading to the refund of an allegedly time-barred tax claim. Adjudicated interest, accrued as a result of the tax authorities’ refund denial, almost doubled the amount returned to our clients.
In particular, the dispute related to the circumstances under which a tax audit would cause a prescription period in respect of a refund claim to start anew, where a tax assessment issued as a result of an amending tax return resulted in an increase of the taxable base as compared to the initial tax return.
The team was led by partners Dimitris Gialouris and Daphne Cozonis.
