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Taxation Type
Residence-based
A tax resident of a country with a RESIDENCE-BASED tax system pays taxes on their WORLDWIDE income. However, if you lose tax residency status there (e.g., by moving out), the country will generally stop taxing you.
Several incentives are available for new residents. Employed and self-employed can claim a 50% tax reduction on their Greek income. Retirees can claim a flat 7% tax rate on their non-Greek income. And hign net-worth individual can use a €100,000-a-year tax payment that takes care of taxation of their non-Greek income of any size.
Greece is part of the European Economic Area (EEA), allowing its citizens to live and work in any other EEA country, plus Switzerland. (The EEA consists of 27 European Union countries plus Iceland, Norway and Liechtenstein.)