![Annual Report 2012](/_/img/logo.png)
Integrated Annual Report 2012
![Annual Report 2012](/_/img/logo.png)
According to the new tax law 4110/2013, the tax rate of the Societies Anonymes in Greece has change from 20% to 26%, for the fiscal years beginning on the 1st of January 2013.
It is estimated that such a change in the tax rate would increase the deferred tax liability by €6.1 million for the Group and €5.0 for the Company.