Tax Guide for Foreign Individuals Moving to Greece

People who relocate to Greece often need clear explanations on critical tax matters. Due to the large amount of conflicting information available, many become confused and search through various social media groups to understand what truly applies.

Here is a concise summary of the most common questions we answer.

Tax Regime 5G

The 5G regime applies a 50 percent tax reduction on income derived from employment or business activity for a duration of 7 years.

It does not apply to rental income, dividends or capital gains.

Tax Regime 5B

The 5B regime applies to pensioners who move to Greece. They are taxed at 7 percent on all foreign-source income.

Income generated within Greece is taxed normally according to the standard Greek tax scale.

It is important to check the Double Taxation Avoidance Agreements between Greece and the country of origin, as in some cases the foreign country may tax income at a higher rate than 7 percent.

Capital Gains and Dividend Taxation

(Not included in the two special regimes above)

When an individual becomes a Greek tax resident, capital gains from listed companies are tax-free.

For non-listed companies, the tax rate is 15 percent.

Dividends are taxed at 5 percent.

There is currently no specific tax legislation in Greece for capital gains from cryptocurrencies.

In all cases, in order for income to be taxed in Greece, the individual must be a Greek tax resident at the time of the sale.

Rental Income Tax Brackets

(Not included in the two special regimes above)

• The first 12,000 euros are taxed at 15 percent
• The next 12,000 euros at 25 percent
• The following 12,000 euros at 35 percent
• Any amount above this at 45 percent

If you wish, you can calculate the tax by clicking here.

About ACNT

ACNT covers every accounting and financial need for businesses and individuals, specializing in bookkeeping, tax preparation, and CFO services.

With over 35 years of experience and a team of seasoned professionals, we provide proactive support, accurate guidance, and high-quality solutions tailored to each client’s specific requirements.

We focus on the fields of cryptocurrencies and stocks, start-ups, construction companies, manufacturing businesses, and commercial/import-export enterprises.

We continuously stay updated on industry developments so you can focus on growing your business, confident that your tax and financial matters are in good hands.

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