Calculate Greek tax on foreign-source income. Greek residents are taxed on worldwide income. The 50% expat exemption (GR_EXPAT_EXEMPTION_RATE) may apply for qualifying newcomers.
Enter your foreign employment income, foreign tax paid, and whether you qualify for the 50% expat exemption to see your Greek tax liability.
Net Greek tax owed (after credit)
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Taxable income in Greece
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Greek income tax (gross)
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Foreign tax credit applied
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Expat exempted income
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Your breakdown
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Amount
How foreign income is taxed in Greece
Greece taxes residents on worldwide income. Foreign employment income, dividends, interest, and pensions are all included in the Greek tax base. The 5-bracket progressive system applies (9% to 44%), with credits for foreign taxes paid. The Article 5C 50% exemption for qualifying new residents makes Greece an attractive destination for digital nomads and international workers.
Example calculation
A qualifying new Greek resident earns 40,000 EUR from a foreign employer. With the 50% expat exemption, only 20,000 EUR is taxable. Applying the income tax brackets on 20,000 EUR (net of EFKA if applicable) yields a Greek tax of roughly 2,200 EUR. If 3,000 EUR was paid abroad, the foreign tax credit offsets all Greek tax and no additional payment is due.
Tips and considerations
The Article 5C expat regime requires annual renewal via an application to AADE. You must prove you remain employed in Greece or at a Greek permanent establishment. Keep evidence of the foreign tax paid (foreign tax assessments or withholding statements) to support the credit claim on Form E1. Engage a Greek tax advisor for the first year to set up correctly.
Frequently asked questions
What is the Greek expat 50% income exemption and who qualifies?
Article 5C of Law 4172/2013 (introduced by Law 4714/2020) provides a 50% income tax exemption on employment income and business profit for individuals who transfer their tax residence to Greece from abroad. To qualify, you must not have been a Greek tax resident in the 5 years prior to transfer, you must work for a Greek employer or a Greek permanent establishment of a foreign company (or carry on business activity in Greece), and you must commit to Greek tax residency for at least 2 years. The 50% exemption applies for 7 years from the year of transfer. So only half of the qualifying income enters the Greek tax bracket calculation.
How does the foreign tax credit work for Greek residents?
Under Article 9 of the Greek Income Tax Code, Greek residents who receive foreign-source income that was taxed abroad can claim a foreign tax credit equal to the lower of the foreign tax paid or the Greek tax that would apply to that income. Greece has double-taxation agreements (DTAs) with over 50 countries. Where a DTA applies, the credit method or the exemption method may be used depending on the treaty. For countries without a DTA, Greece provides a unilateral credit. The credit is applied after computing Greek tax on the worldwide income, reducing your Greek tax bill but not below zero (no refund).
What foreign income must Greek residents declare in Greece?
Greek tax residents are taxed on their worldwide income, meaning all income from all sources regardless of where it arises. This includes foreign employment income, foreign rental income, foreign dividends and interest, foreign business profits, and foreign pension income. Each income type may be taxed at a different rate or under different rules, and foreign tax credits apply separately for each. All foreign income must be declared on Form E1 of the annual Greek income tax return. The tax year in Greece is the calendar year (1 January to 31 December) and returns are due by the following June.
Does the 50% expat exemption apply to pension income from abroad?
The Article 5C 50% exemption specifically covers employment income earned in Greece and business income from Greek activities. Foreign pension income remitted to Greece by a new resident is generally not covered by the Article 5C exemption. However, a separate provision under Article 5A of Law 4172/2013 allows qualifying foreign retirees who transfer tax residence to Greece to pay a flat annual tax of 7% on all foreign-source income (a lump-sum tax regime). This 7% flat regime may be more advantageous for retirees with significant foreign pensions than the standard progressive system.