There aren’t any particular Greek Golden Visa tax laws or regulations that only apply to holders.
Rather, the tax system for Golden Visa holders is in line with the regular tax laws that is assessed for everyone in Greece.
With special provisions for non-residents and individuals using the non-domicile scheme, these regulations mandate the taxation on income and property.
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Some of the facts might change from the time of writing, and nothing written here is formal tax advice.
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Greek Golden Visa Tax Guide
Greece golden visa tax implications
Tax residence in Greece is not automatically granted by possessing a Golden Visa.
That being said, a person must stay in the country for more than 183 days within a 12-month period so as to be deemed a tax resident.
Those with Golden Visas who stay in Greece for less than the required number of days are exempt from Greek income tax on their global earnings.
They are exempt from filing taxes unless they have particular requirements pertaining to their income from Greek sources.
Taxation of non-residents is limited to income earned in Greece, including rental income from real estate situated there.
A flat yearly tax of 100,000 euros is levied for up to 15 years on foreign income for residents who are domiciled outside of Greece, as per PwC.
This includes Golden Visa holders. Individuals can avoid paying taxes on their offshore income under this system, until they bring said revenue into the country.
Pertinent tax treaty clauses may have an impact on the taxation rules, which in turn may have an effect on total tax obligations.
Should Greece golden visa holders become a resident for tax purposes, their global earnings will be levied progressive personal income tax rates of 9% to 44%.
The tax structure for rental income is a little different. Residents are levied at progressive rates of 15% to 45%.
Employer-provided benefits in kind are levied at personal income tax rates when they are included to employment income at the yearly assessment.
Both residents and non-residents face the same progressive and structured taxation system in Greece in terms of any income sourced from within the country.
Greece golden visa tax benefits
Greek tax residency is not a given for Golden Visa holders. As a result, many holders are able to enjoy residence privileges and avoid paying taxes on their wealth abroad.
It also offers prospects for flat taxation rate on overseas income aside from non-residents’ exclusions from levies on non-Greek earnings.
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