As a Greek citizen or resident, your tax responsibilities depend on whether you are considered a tax resident or a non-resident. This classification determines whether you are taxed on your worldwide income or only on income earned within Greece.
Tax Residency in Greece
You are considered a tax resident if you spend more than 183 days in Greece in a calendar year, or if your main personal or economic interests (such as your home, family, or business activity) are located in Greece.
Tax residents are subject to income tax on their worldwide earnings.
Non-residents are only taxed on income sourced in Greece.
Taxes for Greek Tax Residents
Personal Income Tax (PIT)
Social Security Contributions
Contributions to Greece’s public system (EFKA) are mandatory for employees, freelancers, and business owners.
Rates vary depending on employment type and income level.
Capital Gains Tax
15% on profits from the sale of securities (e.g., non-listed shares).
15% on property sales, though this has been suspended for most real estate transactions since 2015.
Dividends and Interest
Property Tax (ENFIA)
All property owners in Greece must pay ENFIA annually.
The amount is based on factors like property location, size, and age.
A supplementary tax applies to high-value real estate.
Inheritance and Gift Tax
Tax rates depend on the relationship between the giver and recipient.
Close family members receive favorable rates and higher exemptions, while distant relatives or unrelated recipients pay higher rates.
VAT (FPA)
The standard VAT rate is 24%.
Reduced rates include 13% for basic goods and services such as food, transportation, and accommodation, and 6% for essentials like books, medicines, and theater tickets.
Taxes for Non-Residents
Rental Income
Capital Gains Tax
Property Tax (ENFIA)
Double Taxation Agreements
Greece has tax treaties with over 50 countries to avoid double taxation.
These agreements may offer tax credits or exemptions for income taxed abroad.
They are especially useful for individuals with international income or assets.