Greece
Retirees Tax Regime

Overview

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.

  • 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.

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