Greece
Retirees Tax Regime
Overview
Greece offers a preferential 7% flat tax on foreign-sourced pension and investment income for retirees who transfer their tax residence to Greece.
Valid for up to 15 years, this regime is designed to attract expatriates seeking a tax-efficient retirement in a Mediterranean setting.
Benefits
- Flat 7% tax rate on all foreign-source pension income for up to 15 years.
- Covers other foreign income (interest, dividends, capital gains) at the same 7% rate.
- No wealth tax on foreign assets or inheritance/gift tax obligations.
- No foreign asset reporting (RW form) required.
- Simple lump-sum tax payment due by end of July each year.
- Standard Greek-source income taxed under progressive rates.
- No offset of foreign tax against the 7% liability.
- Resident requirement is 183 days/year or center-of-life criteria.
- Covers both public and private pensions.
- Applicable regardless of nationality if conditions are met.
Requirements and Procedures
- Not have been Greek tax resident in 5 of the last 6 years.
- Transfer tax residence to Greece and file application by 31 March with the Tax Office for Foreign Residents.
- Provide documentation: proof of foreign pension, tax non-residency, and residency (rental or purchase).
- Tax authority ruling issued within ~60 days of application.
- Pay lump sum 7% tax by last business day of July each year.
- Submit Greek tax return with regime election and Greek income (Form E1).
- No requirement to declare or report foreign assets.
- Failure to pay or maintain criteria results in regime termination.
- Regime valid for up to 15 years if conditions are maintained.
- Must meet Greek residency test: 183+ days/year or center of vital interests.
How Charfort can help you?
- Evaluate your eligibility and optimal timing for regime application.
- Assist with application filing and liaising with the Greek tax authority (AADE).
- Support establishment of residency (property rental or purchase).
- Prepare and file annual Greek tax return with regime election.
- Manage lump-sum 7% tax payments by the required deadlines.
- Advise on ongoing residency compliance (day count or center-of-life).
- Coordinate with foreign tax advisors to avoid dual taxation risks.
- Monitor legal changes that may affect regime conditions.
- Assist with reporting and taxation of Greek-source income, if any.
- Provide estate planning support aligned with regime benefits.
Frequently asked questions
Everything you need to know about the process.
Contact us today
Charfort assists international clients in obtaining residence and citizenship under the respective programs. Contact us to arrange an initial private consultation.
