Income Tax Rates
Calculating your income tax
The tax year in Greece is the same as the calendar year, i.e. 1st January to 31st December.
Income tax rates for residents start at 0 per cent on income up to €8,400 or €10,000 and rise up to 40 per cent on income over €23,400, as shown below.
Employees & Pensioners
|
Taxable Income (€) |
Tax Rate (%) |
Cumulative Tax (€) |
|
Up – 10,000 |
0 |
– |
|
10,000 – 13,400 |
15 |
510 |
|
13,400 – 23,400 |
30 |
3,510 |
|
Over 23,400 |
40 |
Self-employed
|
Taxable Income (€) |
Tax Rate (%) |
Cumulative Tax (€) |
|
Up – 8,400 |
0 |
– |
|
8,400 – 13,400 |
15 |
750 |
|
13,400 – 23,400 |
30 |
3,750 |
|
Over 23,400 |
40 |
Non-residents
Income tax for non-residents is levied at the same rates as above except for the first band which is 5 per cent (not 0 per cent), unless 90 per cent of their income is from a Greek-source.
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Also in this section
- Banks: Where to manage your finances
- Accounts: How to open a bank account in Greece
- Cards & Traveller's cheques: How to use them
- Cost of Living: What is the cost of living in Greece?
- Importing & Transferring Money: How to receive and transfer money
- Offshore Banking: Putting your money in a tax haven
- Income tax: An introduction to Greece's income tax
- Income Tax Liability: Who is liable to pay income tax?
- Taxable Income & Allowances: What part of my income is taxable?
- Income Tax Rates: Calculating your income tax
- Income Tax Returns: Filing and payment
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