10.9.2005 Official Journal of the European Union L 234/11 (Acts whose publication is not obligatory) COMMISSION COMMISSION DECISION of 1 December 2004 on the State aid implemented by Greece in favour of reduction of corporate tax rate for investments over EUR 30 million (notified under document number C(2004) 4566) (Only the Greek text is authentic) (Text with EEA relevance) (2005/642[EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, and in particular the first subparagraph of Article 88(2) thereof, Having regard to the Agreement on the European Economic Area, and in particular Article 62(1)(a) thereof, Having called on interested parties to submit their comments pursuant to the provisions cited above (), Whereas: () I. PROCEDURE On 3 March 2004 (C(2004) 456 fin), the Commission initiated the formal investigation procedure in respect of the measure Reduction of corporate tax rate for investments over EUR 30 million. The Commission decision to initiate the procedure was published in the Official Journal of the European Union (2). The Commission invited interested parties to submit their comments on the measure. The reply from the Greek authorities to the initiation of the formal investigation procedure was received on 13 () O] C 87, 7.4.2004, p. 10. () See footnote 1. April 2004 (SG(2004)A[/3964) and Greece last provided information on 17 August 2004 (A[/36270). The Commission received no comments from interested third parties. 1. DESCRIPTION The measure On 15 January 2004, Greece enacted the law on ‘Devel- opment and social policy measures — Objectivity of tax controls and other provisions’, which entered into force on 30 January 2004, on the date of its publication in the Official Journal of the Hellenic Republic No 3220/2004 (FEK A 15). Article 1 of the law provides that under- takings investing over EUR 30 million in Greece benefit from a reduction of the applicable corporate tax rate from 35 % (the normal corporate tax rate) to 25% during a period of 10 years. . ASSESSMENT The law which was the object of the formal investigation procedure was abrogated by Greece with the retroactive effect by law 3259/2004, Article 22, paragraph 1 (published on 4 August 2004). Greece confirmed that no undertaking took advantage of the incentive provided for in Article 1 of law 3220/2004.