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Greece Planning Tax Perks For Expat Retirees

Friday, July 24, 2020

Greece is set to introduce a special seven percent flat rate of tax on the overseas income of retired foreign nationals who shift their tax residence to Greece.

The special tax has been included in legislation recently submitted to parliament as part of the Government's COVID-19 economy recovery plans. It would apply for a period of 10 years to foreign-sourced pension and other income.

To qualify for the flat tax, individuals must not have been tax resident in Greece in at least five of the previous six years prior to applying for the scheme.

The individual's home country must also have an agreement for administrative tax cooperation with Greece.