Expatriate tax ebook - Greece
Facts and figures
Pre arrival procedures
Employment visas
Tax year
Tax returns and compliance
Income tax rates
Sample income tax calculation
Pre arrival procedures
Employees and freelancers need to obtain a residence permit. Non EU individuals should apply for their work permit at the Greek consulate.
Employment visas
Non EU citizens are only able to obtain residence and work permits if they qualify for a job pre-announced by the local authorities. They are also permitted if they meet certain qualifications for self-employment (minimum of € 60,000 in a deposit bank account); or come into the country as investors (minimum of € 300,000 of capital).
No work permit is required for EU citizens.
Tax year
The Greek tax year runs from 1 January to 31 December.
Tax returns and compliance
Most Greek national employees working in Greece pay their tax through payroll withholding and they are required to file a tax return.
Personal tax returns should be filed in May, regarding the tax registration number following the end of the tax year concerned.
Income tax rates - 2008
Salary paid employees
|
Taxable income |
Rate of income tax |
|---|---|
| €0-12,000 €12,001-30,000 |
0%* 27% |
| €30,001 - €75,000 €75,001+ |
37% 40% |
Freelancer
|
Taxable income |
Rate of Income tax |
|---|---|
| €0-10,500 €10,501-12,000 |
5% 15% |
| €12,001 - €30,000 €30,001 - €75,000 €75,001+ |
27% 37% 40% |
Sample income tax calculation
1/1/2008 - 31/12/2008, amounts in €, salary paid employee
| € | € | |
|---|---|---|
| Employment income | 30,000 | |
| Less | ||
| IKA contributions (by employee) | (4,800) | |
| Taxable income | 25,200 | |
| Tax bill | 3,564.00 |
Information about Greece:
Last updated 15 April 2008
This information has been provided by Grant Thornton Greece, a member firm within Grant Thornton International Ltd and is for informational purposes only. Neither Grant Thornton Greece nor Grant Thornton International Ltd can guarantee the accuracy, timeliness or completeness of the data contained herein. As such, you should not act on the information without first seeking professional tax advice.
Disclaimer
Contact us
For further information on expatriate tax services in Greece please contact Michael Zelenitsas.