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Greece Tax Guide

Europe

Last verified June 2026

Sources & verification

Figures on this page were last verified against the cited sources in June 2026. Always check official sources before making a relocation or incorporation decision.

PwC Worldwide Tax Summaries — Greece Greek Tax Authority (AADE)OECD Tax Database

Special Regime

Best for

Special regime available
50% Income Tax Reduction — 50% reduction on employment and business income tax for 7 years for new tax residents who transfer t…

Personal Tax Score

55/100

Mixed

Business Tax Score

62/100

Moderate

Personal Income Tax

Tax Residency

Day Threshold

183 days

Note

183 days in Greece or center of vital interests in Greece

Income Tax Rates

Top Marginal Rate

44%

Structure

Progressive 9-44% (9% up to €10,000; 22% to €20,000; 28% to €30,000; 36% to €40,000; 44% above €40,000). Solidarity surcharge suspended through 2025, expected to remain suspended.

Foreign Income Treatment

System

Worldwide

Details

Greek tax residents are taxed on worldwide income. Foreign tax credits available under treaties.

Investment Income

Capital Gains

15%

Dividends

Interest

15%

15% on capital gains from securities; real estate gains taxed at 15% (suspended until further notice)

Wealth & Inheritance

Wealth Tax

No - No general wealth tax. Special real estate tax (ENFIA) applies on property.

Inheritance Tax

Yes - Inheritance tax 1-40% depending on relationship and value; close family exempt up to €150,000

Special Regimes

50% Income Tax Reduction

50% reduction on employment and business income tax for 7 years for new tax residents who transfer their tax residency to Greece. Must not have been a Greek tax resident for 5 of the prior 6 years. Must work for a Greek employer or start a business in Greece. Applies to income from employment/business only (not investment income). Law 4758/2020.

Non-Dom Flat Tax

€100,000/year lump-sum tax on foreign income for HNWIs investing at least €500,000 in Greek real estate, business, or securities. Duration: up to 15 years. Plus €20,000 per family member.

Retiree 7% Flat Tax

7% flat rate on all foreign-source income for retirees transferring tax residency to Greece. Must not have been a Greek tax resident for 5 of the prior 6 years. Applies for 15 years.

Practical Notes

The 50% tax reduction is underrated — effective top rate of ~22% for 7 years. Non-dom regime competes with Italy's €100K lump sum. Retiree 7% rate is identical to Italy's but without the southern-municipality restriction. Athens and islands offer excellent quality of life at moderate costs.

Business & Corporate Tax

Corporate Income Tax

Headline Rate

22%

Effective Rate Note

22% corporate income tax rate

Free Zone / Incentives

Various incentives for investments in specific sectors and regions; R&D super deduction of 200%

Withholding Taxes

Dividends

Interest

15%

Royalties

20%

VAT / GST

Rate

24%

Note

24% standard VAT; 13% reduced rate; 6% super-reduced for specific items. Aegean islands have reduced rates.

Compliance & Substance

Substance Requirements

Moderate - standard EU requirements

Compliance Friction

Moderate-High - improving but still bureaucratic

Notable Regimes

50% income tax reduction for new residents
Non-dom €100K flat tax
R&D 200% super deduction
7% retiree flat tax

OECD Pillar Two (15% global minimum tax)

LiveQDMTT from 31 Dec 2023

EU Directive transposed via Law 5100/2024. All three rules live.

See full implementation tracker

Tax Treaty Network

US treatyYes

UK treatyYes

US totalizationYes

Total treaties~60

US-Greece treaty is one of the older in force (1950s-era, updated). Greek 7% pensioner flat tax interacts with US treaty differently than NHR — verify before relying.

See full treaty matrix

Data Sources

PwC Worldwide Tax Summaries — Greece Greek Tax Authority (AADE)OECD Tax Database

Last verified: June 2026. Always check official sources before making a decision.

FAQ

What is the personal income tax rate in Greece?

Greece has a top personal income tax rate of 44%. The tax structure is: Progressive 9-44% (9% up to €10,000; 22% to €20,000; 28% to €30,000; 36% to €40,000; 44% above €40,000). Solidarity surcharge suspended through 2025, expected to remain suspended.. See the detailed breakdown above and verify with official sources.

Do I need to pay tax on foreign income in Greece?

Greece uses a worldwide system for foreign income. Greek tax residents are taxed on worldwide income. Foreign tax credits available under treaties.

What are the residency requirements for Greece?

Tax residency in Greece generally requires 183 days of physical presence. 183 days in Greece or center of vital interests in Greece. Always verify current rules with official sources.

Is there a wealth tax in Greece?

No, Greece does not have a wealth tax. No general wealth tax. Special real estate tax (ENFIA) applies on property.

What is the corporate tax rate in Greece?

The corporate tax rate in Greece is 22%. 22% corporate income tax rate

US citizen moving to Greece? Read this first.

Greece's top personal rate of 44% means the Foreign Tax Credit (FTC) usually wins over FEIE for US citizens.

•FTC (Form 1116) credits Greece tax against US tax dollar-for-dollar. Because Greece tax exceeds US tax on the same income, you typically owe zero US tax and accumulate carryforward credits (10-year carry).
•Self-employment tax is normally exempted via the US-Greece totalization agreement — pay into one social security system, exempt from the other.
•For earned income near the FEIE cap (~$130k), FEIE is sometimes simpler administratively. Above the cap, FTC strategy almost always wins given Greece's rates.
•Greece residency days threshold: 183. Treaty tie-breaker rules (where applicable) help with double-tax avoidance.

Read the full US-citizen moving-abroad guide

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