Enter your gross revenue and total deductible expenses to see taxable profit and estimated tax for both a Greek company (22%) and a sole trader (progressive rates).
Taxable Profit
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Corporate tax (22%)
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After-tax profit (corp)
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Expense ratio
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Tax saved vs no deductions
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Your breakdown
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Amount
How business expense deductions work in Greece
Greek tax law allows companies and self-employed individuals to deduct legitimate business expenses from revenue before calculating tax. The myDATA electronic system has made documentation mandatory since 2021, and AADE cross-references declared expenses against supplier-reported invoices automatically.
Example calculation
A consulting company with 80,000 EUR revenue and 30,000 EUR in deductible expenses (salaries, rent, software subscriptions) has a taxable profit of 50,000 EUR. Corporate tax is 50,000 x 22% = 11,000 EUR, leaving 39,000 EUR after-tax profit. Without the deductions, tax would have been 17,600 EUR, so the deductions saved 6,600 EUR in tax.
Tips and considerations
Keep all receipts properly entered in myDATA. Cash payments above 500 EUR are disallowed as deductions. Entertainment costs are capped at 0.5% of turnover. Consider timing large capital expenditures to maximise depreciation in high-profit years.
Frequently asked questions
What business expenses are deductible in Greece?
Under the Greek Income Tax Code (Law 4172/2013), expenses are deductible if they are actually incurred for business purposes, supported by valid documentation (typically through the myDATA electronic invoicing system), and not excluded by law. Deductible items include employee salaries and EFKA contributions, rent for business premises, depreciation of fixed assets, interest on business loans, utility costs, professional subscriptions, travel costs with proper receipts, and advertising. Entertainment expenses are subject to a cap of 0.5% of gross revenues or 5,000 EUR per year, whichever is lower. Fines, penalties, and personal expenses are never deductible.
Are vehicle costs deductible for Greek businesses?
Vehicle expenses are partially deductible in Greece. Cars up to 1,600cc used for business purposes can be claimed, but company cars provided to employees as a benefit-in-kind are subject to specific imputed income rules. Fuel, insurance, and maintenance for vehicles used exclusively for business are fully deductible when properly documented via myDATA receipts. Private use of a business vehicle requires the private-use portion to be excluded from the deduction, and AADE may challenge claims lacking usage logs. Leased or rented vehicles follow similar rules proportionate to business use.
How does the depreciation system work in Greece?
Greece uses a straight-line depreciation system with prescribed annual rates set by ministerial decision. Buildings depreciate at 4% per year over 25 years. Machinery and equipment typically at 10 to 20% per year. Computers and software at 20% per year over 5 years. Vehicles at 16% per year over 6 years. New investment assets may qualify for accelerated depreciation or investment tax credits under special incentive laws such as Law 4887/2022. Assets fully depreciated remain on the books at zero and can be disposed of without recapture if the proceeds are reinvested under certain conditions.
What records do Greek businesses need to keep for expense claims?
Since 2021, Greece requires most businesses to use the myDATA (My Digital Accounting and Tax Application) platform for all income and expense documentation. Suppliers must transmit invoice data electronically and businesses must reconcile their accounting records against the myDATA repository. Physical or PDF receipts must match myDATA records. Cash payments above 500 EUR are not deductible, so business expenses above this threshold must be paid by bank transfer, card, or other traceable payment method. Records must be retained for at least 5 years and be available for AADE inspection.