Greece Taxes

• Corporate Income Tax:
  • The standard corporate income tax rate is 22%.
  • Specific tax incentives and deductions may apply to certain industries.
• Individual Income Tax:
  • Individual income tax rates are progressive.
  • Tax rates vary based on income brackets.
  • Specific deductions and allowances may apply.
• Value Added Tax (VAT):
  • The standard VAT rate is 24%.
  • Reduced VAT rates of 13% and 6% apply to specific goods and services.
  • VAT registration is required for businesses exceeding specific turnover thresholds.
• Real Estate Transfer Tax:
  • A tax is levied on the transfer of real estate.
  • The tax rate varies depending on the property's value.
• Property Ownership Tax (ENFIA):
  • An annual tax is levied on real estate ownership.
  • The tax amount varies based on property characteristics and location.
• Dividend Tax:
  • Dividends distributed to shareholders are subject to tax.
  • The tax rate is set by the Greek government.
• Interest Tax:
  • Interest income is subject to taxation.
• Capital Gains Tax:
  • Capital gains are subject to taxation, with specific rules depending on the asset type.
• Inheritance and Gift Tax:
  • Inheritance and gift taxes apply.
  • Tax rates vary depending on the relationship between the parties and the asset's value.
• Shipping Taxation:
  • A special tax regime applies to shipping companies.
  • This regime involves tonnage tax.
• Tax Residency:
  • Tax residency is determined by factors such as the number of days spent in Greece and the individual's center of vital interests.
• Double Taxation Treaties:
  • Greece has double taxation treaties with numerous countries.
  • These treaties aim to prevent double taxation.
• Tax Filing:
  • Tax returns must be filed annually.
  • Electronic filing is mandatory for many taxpayers.
• E-invoicing:
  • Greece has been authorised by the EU to enforce e-invoicing.
• Digital transaction fees:
  • Fees apply to digital transactions.
• Tourism Taxes:
  • A "resilience fee for climate crises" applies to hotel stays.
  • Cruise passenger tax applies.