Expat Taxes in Greece

[!TIP] Greece offers a massive 50% tax cut to lure expats, but the bureaucracy is legendary.

The 50% Income Tax Exemption (Article 5C)

This is the primary draw for highly paid remote workers.

• The Benefit: If you transfer your tax residency to Greece, you get a 50% exemption from income tax and the solidarity contribution for up to 7 years.
• The Catch: You must commit to staying in Greece for at least 2 years. Also, to prevent tax evasion, Greece implemented an "imputed income" system based on your lifestyle (e.g., owning a car or a large house assumes a certain income level). The 50% cut applies to your declared income, but if your imputed income is higher, you might be taxed on that instead. You must hire an excellent Greek accountant.

Tax Rates

Standard progressive tax rates go up to 44% for income over €40,000. With the 50% exemption, the effective top rate becomes much more manageable for a European country.