Personal income tax is calculated on a progressive scale: 9% on annual income up to €10,000; 22% on income between €10,000 and €20,000; 28% on income between €20,000 and €30,000; 36% on income between €30,000 and €40,000; income exceeding €40,000 is taxed at 44%.
Corporate tax is 22%, VAT is 24%, and the property purchase tax is only 3.09%. The capital gains tax is 1%. Withholding tax on dividends is 5%, on interest 15%, on royalties 20%, and on technical, management, consulting, and other services 20%.
Inheritance tax is levied on inherited movable and immovable property. The tax is calculated using progressive rates from 1% to 40%, depending on the degree of kinship and several other factors. Gift tax also applies to donations, including from parents, at progressive rates that depend on the value and type of the asset, as well as the relationship between the parties.
INFIA — This tax consists of a main and an additional tax, calculated at specific rates based on property area, applying a number of coefficients that take into account location, type of use, etc.
Wealth tax is also calculated on a progressive scale: 9% on income up to €10,000 per year; 22% on income from €10,000 to €20,000; 28% on income from €20,000 to €30,000; 36% on income from €30,000 to €40,000; income exceeding €40,000 is taxed at 44%.
Non-Dom Status in Greece
The Non-Dom regime in Greece provides for a fixed annual tax of €100,000 on worldwide-sourced income for 15 years for individuals who transfer their tax residency to Greece.
Legal entities are excluded from the scope of this legislation.
Under certain conditions, you may benefit from an alternative tax arrangement: paying a flat annual amount of €100,000 and being fully exempt from tax on any foreign income, regardless of its size.
This status also extends to the applicant's relatives, provided the main applicant pays an additional €20,000 tax per relative.
The Non-Dom regime can apply for a maximum of 15 years and may be terminated at any time during this period if the applicants fail to fulfill their obligations or apply for withdrawal from the status.