Last partial update, July 2024.

• All tax on an individual's income in Greece is progressive.
  As of 2024, a Greek individual is taxed at a rate of 9%-44%.
• Exemptions are granted to taxpayers with specific types of income.
• In 2024 the standard rate of corporate tax in Greece is 22%
  Finance corporations pay 29%.
  For Greek Partnerships the tax rate is 22% too.

Greece Income Tax for an Individual

• An individual in Greece is liable for tax on his income as an employee and on income as a self-employed person. In the case of an individual who answers the test of a "permanent resident" of Greece, tax will be calculated on his income earned in Greece and overseas.
• foreign resident who is employed in Greece pays tax only on his income in Greece.
• To be considered a Greek resident, life must be shown to be centered in Greece. Residence must be established in Greece and not in another country. The family should be domiciled in Greece and Greece should be the place in which children are educated and more.
• An employer is obligated to deduct, immediately, each month, the amount of tax and national insurance due from a salaried worker.
• A self-employed individual is obligated to make advance payments on income tax that will be offset on filing an annual report. In the case of a new business, the advance payments will be calculated according to the estimates of the owner of the business. The advance payments are payable three times a year.
• Certain payments are deducted from taxable income as detailed below.
• Greece individual income tax rates for 2024 are:

Greece Corporate Tax

• Corporations in Greece are taxed on their income in Greece and from overseas.
  Foreign companies in Greece are taxed only on income that is generated in Greece.

Greece Capital Gains

• For a company, a capital gain in Greece is added to regular income and is taxable at the same rate as regular income for a company, other than in specific instances as defined in law.
• For individuals the capital gain tax for sale of listed securities is 15% for unlisted shares -2%.
• For passive income the tax rates are 5% for dividends ,15% for interest.

Greece Reporting Dates and Payment

• An Individual - An individual whose income is only from a wage is not obligated to file an annual return. The employer deducts tax from the employee and transfers it to the tax authority every month.
  
• The return must be filed by March 2nd after the end of the tax year.
• During the course of the year, the company must make advance payments every three months. A delay in submitting the returns beyond the prescribed date is liable to a fine.

Greece Deduction of Tax at Source

Greece Social Security

• The employer's contribution is up to 22.29% of the salary.
  The employee's contribution is 13.87%.
• A self-employed person makes payments to social security himself.
• The insurance covers pension, unemployment and care insurance.

Greece Other deductions

• Dividend - 5%
• Interest - 15%
• Royalties -20%
• Technical Fees -0%/20%