Enter the taxable profit of a Greek company to calculate the 22% flat corporate income tax due in 2025 and the net profit after tax.
Corporate tax (22%)
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Net profit after tax
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Effective rate
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How Greek corporate income tax works: the 22% flat rate
Greek companies are subject to corporate income tax (foros eisodimatos nomikon prosopon) at a flat rate of 22% on their taxable profit for each fiscal year. Taxable profit is the accounting profit as reported in the company financial statements, adjusted for non-deductible expenses and other tax-specific adjustments under the Greek Income Tax Code, Law 4172/2013. Common non-deductible items include fines and penalties, expenses without supporting invoices, excessive interest above the earnings-stripping threshold, and transactions with affiliated parties at non-arm's-length prices. The 22% rate has been in force since fiscal year 2021 and applies to all incorporated entities regardless of profit size. The tax is self-assessed on the annual corporate tax return (E4) submitted through the taxisnet.gr platform, with payment deadlines set by AADE. Companies must also make advance payments during the tax year, calculated as 80% of the previous year liability, credited against the final assessment.
Deductible expenses and non-deductible items under Greek tax law
Under the Greek Income Tax Code, expenses are deductible from taxable income if they are incurred for business purposes, recorded in the company accounts, evidenced by valid tax documents (timologio), and not specifically excluded by the code. Categories of deductible expenses include wages, rent, depreciation of fixed assets at statutory rates, insurance premiums, bank interest (subject to the earnings-stripping rule limiting net interest deductions to 30% of EBITDA), and contributions to public social insurance funds. Non-deductible items include personal expenses of shareholders, fines, penalties, and surcharges imposed by public authorities, expenses not supported by compliant tax invoices, and provisions not explicitly allowed by law. Depreciation must follow the statutory rates set by Greek ministerial decision rather than accounting useful life estimates. Companies that claim deductions should retain full supporting documentation for a minimum of five years from the due date of the relevant tax return, as AADE may conduct audits within that period.
Corporate tax filing deadlines and payment obligations in Greece
Greek companies must file their annual corporate income tax return electronically through the taxisnet.gr system. For companies with a December 31 fiscal year-end, the return is generally due by the end of June of the following year, with the final tax balance due at the same time. Advance tax payments are made in monthly or bi-monthly installments throughout the tax year based on the prior year liability. If a company expects its current-year profit to be significantly lower than the prior year, it can apply to AADE for a reduction in the advance payment amount, although this process requires supporting evidence. Late filing or late payment attracts surcharges and interest under the Code of Tax Procedure, Law 4987/2022. Companies subject to mandatory statutory audit by a certified auditor must have the audit completed before filing. AADE has been increasing the use of pre-filled data from third-party sources such as VIES, bank reports, and e-invoicing systems, so accuracy and consistency in record-keeping are critical.
Legal basis and official sources for Greek corporate tax
The Greek corporate income tax framework is primarily governed by Law 4172/2013 (Greek Income Tax Code), as amended through successive budget and tax reform laws including Law 4646/2019, Law 4799/2021, and subsequent annual tax laws. The 22% flat corporate rate was set by Law 4799/2021, effective from fiscal year 2021. The Greek Independent Authority for Public Revenue, AADE, publishes official circulars, guidelines, and interpretive rulings at aade.gr and provides taxpayer services through taxisnet.gr. AADE also publishes frequently asked questions and online tools for certain calculations. The rates and rules described in this calculator reflect the legal framework in force for the 2025 fiscal year as understood at the date of publication. This calculator is provided for informational purposes only and does not constitute tax advice. Tax rules may change, and individual circumstances vary significantly. Always consult a licensed Greek tax adviser or chartered accountant (logistis-forologikos symvulos) before making business or investment decisions based on tax considerations.
Frequently asked questions
What is the corporate tax rate in Greece in 2025?
In Greece, the corporate income tax rate for 2025 is a flat 22% on taxable profit. This rate applies to all legal entities subject to corporate income tax, including anonymous companies (Anonymi Etaireia, AE), private limited companies (Etaireia Periorismenis Efthynis, EPE), and general or limited partnerships when they are taxed as corporate entities. The 22% flat rate was established by Law 4799/2021 and has remained in effect through 2022, 2023, 2024, and 2025 without change. Taxable profit is calculated as gross income less allowable deductions under the Greek Income Tax Code (Law 4172/2013). Allowable deductions include business expenses that are incurred for the purposes of the business and are supported by appropriate documentation. The tax is payable to the Greek Independent Authority for Public Revenue, AADE, and is assessed on the annual corporate income tax return. Companies are also required to make advance tax payments during the year, with the advance payment set at 80% of the prior year tax liability. For investment funds and other special vehicles, different rules may apply. Always consult a licensed Greek tax adviser for entity-specific guidance.
Are there any reduced corporate tax rates for small businesses in Greece?
As of 2025, Greece does not maintain a reduced corporate income tax rate specifically for small or micro businesses based on profit size. The flat 22% rate applies uniformly to all companies regardless of their size or the level of taxable profit. This differs from some other EU member states that use tiered corporate tax structures, where smaller profits attract a lower rate. Greece has instead focused its support for small businesses through other mechanisms, such as investment incentives, deductible expenses, and targeted subsidies under development laws. Small and very small enterprises in Greece may benefit from simplified accounting requirements and may qualify under development law frameworks (such as Law 4887/2022) for tax credits on qualifying capital expenditure. Sole traders and self-employed individuals in Greece are generally taxed under the personal income tax progressive scale rather than the corporate rate, so the 22% flat rate primarily affects incorporated entities. If you are evaluating the most appropriate legal form for a Greek business, comparing corporate tax at 22% plus 5% dividend withholding against the personal income tax scale (9% to 44%) is essential. A Greek chartered accountant (logistis) can advise on the optimal structure for your level of income.
What special tax incentives does Greece offer for foreign investment?
Greece has introduced several tax incentive regimes designed to attract foreign investment and skilled workers. The non-domicile (non-dom) regime introduced by Law 4646/2019 allows foreign-source income of qualifying individuals who transfer their tax residence to Greece to be taxed at a flat annual amount of 100,000 euros, regardless of the actual income level. A separate lump-sum regime applies to foreign pensioners transferring residence to specific Greek municipalities, taxed at 7% of worldwide income. For businesses, the main incentive tool is the Greek development law framework, which provides grants, leasing subsidies, tax exemptions, and enhanced depreciation for qualifying investments above certain thresholds, with higher incentives for strategic and large-scale projects. Greek law also permits a tax exemption for undistributed profits reinvested within the company under qualifying conditions. Additionally, Greece participates in all EU directives on intra-EU tax relief, including the Parent-Subsidiary Directive (eliminating withholding on qualifying dividends from EU subsidiaries to EU parent companies) and the Interest and Royalties Directive. The standard corporate tax rate of 22% itself is moderately competitive within the EU, sitting below Germany, France, and Italy. Foreign investors should also review applicable double taxation treaties, of which Greece has more than 50, to understand the withholding tax landscape on cross-border profit repatriation.
How does Greece compare to Cyprus and Bulgaria for corporate tax?
Greece, Cyprus, and Bulgaria are three EU member states in the broader southeastern European region that attract comparison as business location choices, particularly for companies with regional operations or online businesses. Bulgaria has the lowest corporate tax rate in the EU at a flat 10%, making it the most competitive on headline rate alone. Cyprus operates at a flat 12.5% on taxable profit but is notable for its extensive network of double taxation treaties, its IP box regime that taxes qualifying intellectual property income at an effective rate of around 2.5%, and its relatively straightforward holding company rules. Greece taxes corporate profit at 22%, which is higher than both but still below the EU average. However, Greece offers a larger domestic market, EU membership with all associated trade and regulatory benefits, and an improving investment climate. The choice between these jurisdictions depends on far more than the headline rate. Substance requirements, actual operating costs, skilled workforce availability, legal system reliability, and the specific nature of the business activity all matter. Anti-avoidance rules at the EU level under the Anti-Tax Avoidance Directives (ATAD I and ATAD II) limit pure tax-driven structuring. Any decision to establish a company in Cyprus or Bulgaria primarily for tax purposes must be assessed against substance requirements and the risk of being treated as a Greek tax resident entity under general anti-abuse provisions of Greek law. Professional legal and tax advice is essential before making any cross-border structuring decision.