Tax Statements Blog
What if a tax resident of other country works and pay taxes in Greece?
What if a tax resident of other country works and pay taxes in Greece? Personal income tax return filing The employee is always obliged to file for tax return. The employer is obliged to report and withhold tax on monthly basis. Withheld tax and the monthly report of...
What if a Greek tax resident works in one or more countries?
What if a Greek tax resident works in one or more countries? Personal income tax return filing Employee with income taxable abroad is obliged to file income tax return, while a yearly tax reconciliation by the employer is not allowed. The due date for the tax return...
Indicative penalties imposed related to tax, social security and health insurance
Indicative penalties imposed related to tax, social security and health insurance Penalties related to tax Delayed filing of the tax return The fine is EUR 100 for employees Delayed payment of the due tax The fine is 0.73 % p.m. from the value of overdue tax Delayed...
When someone is regarded tax resident of Greece?
Tax residency - When someone is regarded tax resident of Greece? Definition and requirements In Greece, a person is regarded a tax resident if they fulfil formal and material requirements, such as: they have a permanent residence or home in Greece (available place for...
Tax incentives for the transfer of tax residence in Greece
Tax incentives for the transfer of tax residence in Greece Independent, annual tax of 7% is provided for retirees who will transfer their tax residence in Greece, from 2021 and for the next 15 years, while employees who also transfer their tax residence will also be...
Transfer of Tax Residence in Greece | Foreign Pensioners
New Tax Law - New Tax Incentives for Foreign pensioners relocation in Greece According to the new tax law that provides tax incentives for foreign pensioners and will be applied from 2021, will enable individuals pensioners from abroad to be subject to a favourable...
Tax residence in Greece for foreign pensioners
The government is formally inviting foreign pensioners to shift their tax residence to Greece with the introduction of a single tax rate of 7% for their entire income obtained abroad. The scheme is expected to rival those of fellow southern European Union countries....