Greece
Top Income Tax
44%
Marginal rate
Corporate Tax
22%
Standard rate
VAT / Sales Tax
24%
Standard rate
Capital Gains
15%
Standard rate
Overview
Greece offers attractive regimes for new residents including a flat tax on foreign income and a 50% income tax exemption for relocating employees. The digital nomad visa with a 7% flat tax on foreign income is particularly competitive. Athens and the islands offer an enviable lifestyle.
Income Tax Brackets
| Income Range (EUR) | Tax Rate |
|---|---|
| 0 - 10,000 | 9% |
| 10,000 - 20,000 | 22% |
| 20,000 - 30,000 | 28% |
| 30,000 - 40,000 | 36% |
| 40,000+ | 44% |
Plus solidarity contribution abolished for most income.
Corporate Tax
Standard Rate
22%
22% flat rate. Reduced for certain sectors.
VAT / Sales Tax
Standard Rate
24%
Reduced Rates
6%, 13%
6% on medicines, books. 13% on food, energy, water. Island reductions available.
Capital Gains Tax
Standard Rate
15%
15% on gains from securities. Real estate exempt after 5 years.
Social Security Contributions
Employee
13.87%
Employer
22.29%
Self-Employed
26.95%
Covers pension, health, supplementary insurance.
Special Tax Regimes
Non-Dom Flat Tax
100,000 EUR annual flat tax on foreign income for new Greek tax residents. Plus 20,000 EUR per family member.
Eligibility: Must invest at least 500,000 EUR in Greek assets. Must not have been Greek tax resident in 7 of previous 8 years.
50% Tax Exemption for New Employees
50% income tax exemption for 7 years for employees transferring to Greece.
Eligibility: Must not have been Greek tax resident in 5 of previous 6 years. Must work for Greek employer.
Digital Nomad Visa
Digital nomad visa for non-EU nationals. Must earn at least 3,500 EUR/month. 7% flat tax on foreign income for first 7 years.
Pros & Cons
Pros
- 7% flat tax for digital nomads
- 50% tax exemption for new employees
- 100k flat tax for wealthy
- Excellent lifestyle and climate
Cons
- High top marginal rate (44%)
- High VAT (24%)
- Bureaucratic challenges
- Economic instability history
Living Indicators
Cost of Living Index
Moderate
Quality of Life Index
Good
Best For
Data Sources
Tax rate data for Greece is compiled from the following authoritative sources:
- OECD Tax Database
- Tax Foundation International Tax Competitiveness Index
- World Bank Business Enabling Environment
- Greece government tax authority publications
- PwC Worldwide Tax Summaries
Last verified: 2024-01
Disclaimer: This content is for informational purposes only and does not constitute tax advice. Tax laws change frequently. Always consult a qualified tax professional before making decisions about your tax residency or obligations.