Terms, conditions and restrictions concerning the provision of aids
(e) Undertakings benefited from tax allowance must keep additional
books, stipulated by the joint decision under para. 24 of article
(f) After the completion of the investment, the under-taking must
submit an application to the competent Public Revenue Department
seeking audit of the im-plemented productive investment. Along with
the ap-plication, a statement recording in detail all expendi-tures
concerning the investment, as well as data on the relevant taxation
documents issued, shall also be submitted.
The above supporting documents shall be submitted within the deadlines
for the submission of income tax returns, set by the provisions
of articles 62, 64 and 107 of Law 2238/1994, accordingly.
After the submission of the above supporting docu-ments and no later
than the end of the same financial year, the Head of the Public
Revenue Department must proceed to the audit of the implemented
The competent auditors of the Public Revenue De-partments must monitor
the soundness and timeliness of the audits carried out. The provisions
for this case shall be applicable accordingly to productive invest-ments
(g) For the application of tax allowance to the acqui-sition of
the right to use equipment through leasing, the stipulations under
instances (a), (b) and (c) of para. 11 herein shall be applied accordingly.
28. Terms, conditions and restrictions on the appli-cation of grant
to business plans of manufacturing, mining and software development
undertakings under sub-instance (xv) of instances (a) and (e), and
under sub-instance (xii) of instance (g) of para. 1, article 3.
The grant shall be provided for business plans or part thereof amounting
to five (5) billion drachmas in the case of manufacturing and mining
undertakings and up to two (2) billion drachmas in the case of soft-ware
29. The decision on the eligibility for the aids herein specifies
the terms and conditions of own participa-tion, as well as all general
and special terms deemed necessary by the competent Advisory Committee.
In case of failure to conform with the terms, condi-tions and restrictions
of these presents or the decision on eligibility, the latter shall
be revoked, following the opinion of the competent Advisory Committee,
and any partially or wholly paid instalments of the grant and interest
subsidy or leasing subsidy shall be re-turned, increased by the
amount of legal interest from the date of each payment. The relevant
payment re-ceipts of the grant, interest subsidy and leasing sub-sidy
by the State, are instruments proving the debt to the Public Revenue
Department, to which a payment statement shall be sent (prepared
according to articles 55 and 56 of the P.D. 16/1989) by the certifying
au-thority. For the collection of such debts to the State, applicable
shall be the stipulations on the public reve-nue collection.
Provisions under this paragraph are also applicable in case of omissions
during the execution of the ap-proved project, as well as in case
of submitting false or deceitful data to the service or concealment
thereof, the knowledge of which would have led to the exclusion
of the investment or program or business plan from the benefits
of these presents or made it eli-gible on terms different from those
stipulated in the decision on eligibility.
30. Terms, conditions and restrictions on invest-ments abroad.
Decisions under para. 2 of article 4 equally specify the maximum
aided amount of investments abroad, under para. 2, article 3. Based
on the same decisions, certain sectors or industries of the economic
activity may be excluded from the aids herein.
31. Obligation of submitting biannual progress re-ports.
Undertakings whose investments and/or equipment leasing programs
have been made eligible for the grant and interest subsidy of these
presents, shall be obliged to submit to the service having issued
their eli-gibility act biannual progress reports on their projects,
the content of which is set by virtue of decision of the Minister
of National Economy or Development, accordingly, from the issue
of the eligibility act until completion and commencement of productive
opera-tion. Such reports shall be submitted in January and July
every year. The competent department may ask of the undertaking
to produce additional data on the progress of the project, if expedient.
32. Any essential terms, conditions or restrictions on or deviations
from the provisions for aids under these presents, imposed by the
European Union on the pro-vision of national aids in certain sectors
or investment categories, shall be defined by virtue of decision
of the Minister of National Economy.
Similar decisions may specify any different or addi-tional procedures
and supporting documents for the submission and review of investments
or equipment leasing programs or business plans and in general the
application of aids herein; they may equally exclude certain sectors
or industries or categories of activities or investments and/or
equipment leasing programs or business plans from the aids herein,
due to estab-lishment or enactment of relevant terms and restric-tions
by the European Union.