Impostos a Grècia

Company Tax

22% (from 2022)

Tax Rate For Foreign Companies

Resident companies pay tax on worldwide income, while non-resident companies only pay tax on Greece-sourced income, at the same rate as resident companies.
Greek branches of non-resident credit institutions are taxed at a rate of 29% if they are subject to the special “deferred tax asset” recognition provision.

Capital Gains Taxation

Capital gains are taxed as normal corporate income at the standard rate of 22%. Capital gains derived from the sale of shares in an EU subsidiary are tax exempt in case the participation is greater than 10% and has been held for a minimum of 24 months.

Main Allowable Deductions and Tax Credits

In general, all ordinary business expenses and expenses made for scientific and technological research are deductible. The Income Tax Code includes a list of non-deductible expenses. This new code, unlike the previous one, makes no specific reference to the deductibility of donations to charities, and as such, Greek tax authorities must examine all donation cases one by one to allow tax deduction (same as for goodwill provisions). Expenses relating to corporate social responsibility actions are considered deductible in the tax year in which they were incurred, but only if the company's accounting result is profitable.
Certain bad debt provisions and write-offs are deductible. Net operating losses can be carried forward up to five years to offset company benefits, whereas the carryback of losses is not permitted.

According to the Greek Accounting Standards (Law 4308/2014), start-up expenses are tax-deductible within the year that they have been incurred if they do not fall within a category of assets (including tangibles and intangibles - conditions apply).

Royalties, interest, and service fees paid to foreign affiliates are deductible expenses under certain conditions. Interest deductibility is subject to restrictions.

Other Corporate Taxes

A 0.5% capital duty on share capital increases and other special tax regimes (for shipping companies, real estate investment companies, mutual funds and coordination centres) are imposed in Greece. A 0.1% surcharge for the benefit of the competition committee applies on the contribution of capital to a public limited company.

A real estate ownership tax (ENFIA) is levied annually on property located in Greece, consisting of a main tax calculated according to the characteristics of the property and an additional tax calculated at a rate of 0.55% on the total tax value of all of the company’s property (moreover, property occupied by the company is subject to a 0.1% additional tax). For companies, there also is an annual special tax of 15% of the tax value of the property (certain exemptions apply).
Real estate transfer tax (RETT) is imposed on the value of transferred property at a flat rate of 3.09% (including the municipality surcharge). Such tax is not imposed if VAT is due on the purchase of new buildings.

Social security contributions are due on salary and benefits in cash or in kind granted by an employer to its employees. For the primary social security fund (EFKA), social security contributions are withheld at 14.12% at the level of the employee and at 22.54% at the level of the employer (capped at EUR 6,500/month). Furthermore, employers are liable to submit payroll withholding taxes on monthly salary payments under a Pay-As-You-Earn system (PAYE).

Other Domestic Resources

Directorate General for Taxation of the Hellenic Ministry of Finance

Doing Business: Greece, to obtain a summary of taxes and mandatory contributions

Tax Rate

Allowable Deductions and Tax Credits

The income tax is reduced based on certain expenditures for annual personal living. The maximum amount of tax reduction (applicable to salaried and pension income) is EUR 777 for income up to the maximum of EUR 12,000 for a single person or for a married person with no dependants (plus EUR 33 for a married person with one dependant, EUR 123 for a married person with two dependants and EUR 243 for a married person with three dependants, EUR 563 in case of four dependants and EUR 220 for each additional dependant). For salaried and pension income above EUR 12,000, the amount of tax deduction is reduced by EUR 20 for every EUR 1,000 of income.

Tax reduction on employment income is provided if a taxpayer pays 30% of the actual income from salaried employment, pensions, and business for the purchase of goods or services in Greece or in the EU/EEA using an electronic means of payment (if payments for income and real estate tax as well as for loans to financial institutions and rentals exceed 60% of the taxpayers' actual income, the threshold is reduced from 30% to 20%).

Certain expenses can be deducted from the gross income, including mandatory social security contributions and 20% of donations to certain charitable organisations (capped at 5% of taxable income).

Special Expatriate Tax Regime

Personal income tax is payable by all individuals earning income in Greece, irrespective of citizenship or place of permanent residence. Non-residents are taxed only on Greece-source income but are not exempted from the solidary tax surcharge (where applicable).

A special tax regime for expatriates who intend to stay in the country for at least two years was introduced with Law 4758/4.12.2020. Subject to conditions, such individuals are exempted from paying income tax and solidarity tax on 50% of their Greek source employment income or freelancer income.

Under the new alternative taxation regime for foreign pensioners relocating to Greece, individuals will be subject to an annual flat tax rate of 7% on total foreign-source income (conditions apply).

Furthermore, investors can opt to be taxed based on an annual flat tax of EUR 100,000 on their total foreign-sourced income (applicable for a maximum of 15 years).