Greece Tax Rates
Greece operates a progressive income tax system with rates from 9% to 44%, supplemented by a solidarity contribution that was reduced for most income types. The country has implemented significant tax reforms to attract foreign investment and digital nomads, including a 50% income tax exemption for new residents and a 7% flat tax for foreign retirees. Greece features a 22% corporate tax rate and a 24% standard VAT.
Top Income Tax Rate
44%
Corporate Tax Rate
22%
VAT / Sales Tax
24%
Capital Gains Tax
15%
Detailed Tax Information
Income Tax Brackets
Greece applies progressive income tax (fóros eisodímatos) with five brackets from 9% to 44%. A tax reduction of €777 applies for income up to €12,000 (phased out for higher incomes with dependents). Self-employed and business income is also taxed progressively but under a separate scale with rates from 9% to 44%, with different bracket thresholds. Greece has reduced the solidarity contribution (eisforá allilengyíis) which previously added 2.2-10% to income tax.
| Income Range | Tax Rate |
|---|---|
| €0 – €10K | 9% |
| €10K – €20K | 22% |
| €20K – €30K | 28% |
| €30K – €40K | 36% |
| €40K+ | 44% |
Corporate Tax
Greece levies corporate income tax at 22% (reduced from 24% in 2022 and from 29% in 2019). This rate applies to all corporate entities. Shipping companies benefit from a special tonnage tax regime, which is constitutionally protected. Greece offers R&D incentives including a 200% super deduction for qualifying research expenditures.
Standard Rate
22%
Capital Gains Tax
Capital gains from the transfer of securities are generally taxed at 15%. Gains from listed shares on the Athens Stock Exchange are exempt from capital gains tax but subject to a 0.2% transaction tax. Real property capital gains are taxed at 15% (though this tax has been repeatedly suspended and its enforcement has varied). Dividend and interest income is taxed at 5% each.
Rate
15%
VAT / Sales Tax
Greece applies a standard VAT (FPA - fóros prosthethiménis axías) rate of 24%, with reduced rates of 13% and 6%. Certain Aegean islands benefit from a 30% reduction on applicable VAT rates (e.g., 17% instead of 24%). This preferential treatment aims to support island economies and offset higher costs of goods due to transportation.
Standard Rate
24%
Cryptocurrency Tax
Cryptocurrency gains in Greece are taxed at 15% as capital gains from the transfer of digital assets. Greece enacted specific legislation recognizing cryptocurrency for tax purposes. Income from crypto mining and staking may be classified as business income taxed at progressive rates.
Tax Treaties
Greece has approximately 57 double taxation treaties in force. As an EU member and Mediterranean economic hub, Greece's treaty network covers major trading partners. Treaties generally follow the OECD Model. Greece participates in OECD tax transparency initiatives.
Treaty Network
57
Double taxation agreements
Major treaty partners:
Key Details
Relocate to Greece
See how much you could save by moving here from your current country.
$-25,407
Tax in United States
$24K
24.4% effective
Tax in Greece
$50K
49.8% effective
Additional Cost
104.3%
more tax annually
US Citizens: Important Note
US citizens are taxed on worldwide income regardless of residence. You'll still need to file US taxes, though the Foreign Earned Income Exclusion and Foreign Tax Credit may reduce your liability.
