🇬🇷 Taxes in Greece · For investors
Taxes in Greece
Income tax, corporate tax and VAT rates, and how Greece decides whether an individual is a tax resident.
Greek tax residents pay tax on their worldwide income, non-residents only on income earned in Greece. Below is how residence is determined and what the main rates are.
How tax residence is determined
The main test is physical presence in Greece during any 12-month period. Beyond the number of days, a person's center of vital interests is taken into account:
- owning assets in Greece;
- citizenship;
- registration with the social security system, mandatory or voluntary;
- the schools the children attend;
- the country where the family lives;
- the country where the family usually spends its holidays.
Personal income tax
Tax residents are taxed on their worldwide income, non-residents on income from Greek sources. Income tax is charged on a progressive scale from 9% to 44%.
Corporate tax and VAT
Corporate income tax is 22%. The standard VAT rate is 24%.
The exact tax burden depends on your situation. We will go through the details during the free consultation.
Social contributions and inheritance tax
The employee social security contribution rate is 14.12%. Inheritance and gift tax is charged at progressive rates from 1% to 40%.
What matters about taxes in Greece
Progressive income tax
From 9% to 44% depending on income - tax residents pay it on their worldwide income.
Corporate tax of 22%
The standard rate for companies in Greece.
Flexible residence test
Status depends not only on the number of days spent in the country but also on a person's center of vital interests.
FAQ
How much is income tax in Greece?
How is tax residence determined in Greece?
What is the VAT rate in Greece?
What is the inheritance tax in Greece?
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