Income taxes abroad – Greece

I’m an employee

 

Which income will be taxed in Greece?

  • Resident in Greece? You must pay tax on your worldwide income there.
    (criterion: your life is centred there, your family lives there and your children are educated there)
  • Not resident in Greece? You only pay tax on income earned there.
  • Income from other EU countries? Check you never pay tax twice on the same income.

How much will you pay?

What’s left of your gross income in Greece after deduction of taxes and social security contributions?

Income tax rates for 2014 (declared in 2015 return)

(rates for income earned in 2015 not yet provided by national authorities)

Bracket

Annual income

Rate

1 up to €25 000 22%
2 €25 001 – €42 000 32%
3 over €42 001 42%

In calculating your taxable income, take into account any applicable allowances or deductions for expenditure.

When and how do you pay?

You have the obligation to file a tax return every year, whether you have taxable income or not. The tax can be paid in three equal bimonthly installments. The first payment shall be made until the last day of the month following the deadline for tax filing. The other two payments shall be made until the last day of the third and fifth month following the deadline for tax filing respectively.

How to appeal/complain

If you disagree with your tax assessment, you can appeal to the state courts.

For details of exactly where and how, see your tax assessment letter.

 

I’m self – employed

 

Which income will be taxed in Greece?

  • Resident in Greece? You must pay tax on your worldwide income there.
    (criterion: your life is centred there, your family lives there and your children are educated there)
  • Not resident in Greece? You only pay tax on income earned there.
  • Income from other EU countries? Check you never pay tax twice on the same income.

How much will you pay?

What’s left of your gross income in Greece after deduction of taxes and social security contributions?

Income tax rates for 2014 (declared in 2015 return)

(rates for income earned in 2015 not yet provided by national authorities)

Bracket

Annual income

Rate

1 up to €50 000 26%
2 over €50 001 33%

In calculating your taxable income, take into account any applicable allowances or deductions for expenditure.

When and how do you pay?

Each year, you must make 3 advance payments — based on the previous year’s return — against your estimated final tax liability.

If you are filing for the first time (as a new business), the advance payments are based on your own estimates. Returns must be filed by 2 March.

How to appeal / complain

If you disagree with your tax assessment, you can appeal to the state courts.

For details of exactly where and how, see your tax assessment letter.

Links

Greek Finance Ministry

Nickolas C. Papanikolaou

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