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• Any natural person or legal entity that receives money in Greece should pay taxes regardless of its nationality or residence.
• This obligation also implies if someone resides in Greece and receives money in Greece from abroad. In such a case it must be examined whether treaties about avoidance of double taxation are applied or not.
• Greeks or foreigners who live abroad, should file income returns if they
  1. have income from leasing real estate property
  2. have business in Greece
  3. are members of any kind of company or partnership in Greece
  4. change their property status by buying or selling property in Greece
  5. receive interest from funds deposited in bank accounts in Greece

LAW TAX IN GREECE CONSULTING files all kind of tax statements and income tax returns with the competent Tax Authorities on behalf of our clients.

In favor of our clients, we also examine if Greece and the country where the Greek resident receives income from, have executed any treaty for the avoidance of double taxation.

For donations and parental grants (i.e. transfer of assets while the transferor is alive) there is a donation tax or parental grant tax to be paid, estimated on the assessed value of the property donated.

Taxable property includes any kind of movable and immovable property located in Greece.

The tax rates are graduated and vary, depending on the relationship between donor and donee. Donation tax statements or parental grant statements are filed with the tax authorities which impose the relevant tax.

From 1 October 2021, a major tax break has been introduced by the Greek government.

Parents who wish to transfer to their children any type of asset, including real estate, cash, company stakes, will not pay transfer tax for the gifting of property worth up to 800,000 euros. The tax-free parental gift of 800,000 euros applies to each parent gifting property to each child.