As a Greek resident, investors enjoy favorable tax rates, including exemptions and incentives for foreign income. Our tax experts will help you understand your obligations and advantages as a Greek Golden Visa holder.
Income Tax: Foreign-sourced income for non-domiciled residents may be tax-exempt. Local income tax rates range from 9% to 44%, depending on income level.
Corporate Tax: Corporate income is taxed at a flat rate of 22%, making Greece competitive for business-minded investors interested in establishing companies.
Real Estate Tax: Real estate in Greece is subject to an annual property tax (ENFIA), calculated based on property value, location, and other factors. Rates typically range from 0.1% to 1%.
Capital Gains Tax: A 15% capital gains tax applies on profits from the sale of real estate property, with certain exemptions for primary residences held for at least five years.
VAT on Real Estate: A 24% VAT may apply to new properties, though exemptions are available for older properties or under certain investment programs.
Inheritance and Gift Tax: Inheritance and gift tax rates vary from 1% to 40%, depending on the relationship to the deceased or donor and the asset’s value.
Non-Domiciled Resident Program: Greece offers a Non-Dom regime for new residents, providing a flat tax of €100,000 on worldwide income for up to 15 years, regardless of income level, for high-net-worth individuals.
Social Security Contributions: Employed individuals pay contributions at varying rates, with both employees and employers contributing to social security.
Double Taxation Treaties: Greece has established treaties with numerous countries to avoid double taxation, ensuring tax efficiency for international investors.