Full Greek rental income tax calculator for 2025. Three brackets: 15% up to 12,000 EUR, 35% on 12,001-35,000 EUR, 45% above 35,000 EUR. Net yield shown.
Enter your annual gross rental income and property value to see the full tax breakdown, effective rate, and net rental yield after Greek income tax.
Annual income tax on rent
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Your breakdown
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How rental income tax works in Greece
Greek landlords pay income tax on rental receipts under a standalone progressive scale that does not interact with employment income brackets. The 15% rate on the first 12,000 EUR is relatively favourable for small landlords. Above 12,000 EUR, the 35% bracket significantly reduces net yield. Landlords earning above 35,000 EUR in rent annually face a 45% marginal rate on the excess, equivalent to the highest employment income tax band. No deductions for costs are available under current law, making gross yield and net yield calculations straightforward.
Example calculation
Annual rental income of 18,000 EUR from a property worth 250,000 EUR. Tax: 12,000 x 15% = 1,800 EUR plus 6,000 x 35% = 2,100 EUR. Total tax = 3,900 EUR. Net income = 14,100 EUR. Gross yield = 18,000 / 250,000 = 7.2%. Net yield after tax = 14,100 / 250,000 = 5.64%. Stamp duty = 18,000 x 3.6% = 648 EUR additional cost.
Tips and considerations
If rental income regularly exceeds 35,000 EUR per year, consider whether holding the property through a company (taxed at 22% corporate rate) is more efficient than personal ownership. Note that corporate structures attract different compliance costs and the dividend withholding tax of 5% on distributions. Consult a Greek tax adviser before restructuring to ensure the savings justify the administrative cost.
Frequently asked questions
What are the 2025 rental income tax brackets in Greece?
Greek individual landlords pay income tax on rental receipts under a dedicated scale separate from employment income. The 2025 brackets are: 15% on the first 12,000 EUR of annual gross rental income, 35% on the portion between 12,001 and 35,000 EUR, and 45% on rental income above 35,000 EUR. There is no deduction for property operating expenses, depreciation, or ENFIA under the current rules for individual landlords. The tax is reported on Form E2 (rental income schedule) filed as part of the annual E1 income tax return.
How do I report rental income in Greece?
Rental income must be declared on the E2 (Mikti Enkirosi Misthomaton) schedule attached to the annual E1 tax return submitted via Taxisnet. The E2 requires listing each property, tenant name, tenant AFM (tax number), period of tenancy, and annual rent received. Landlords must also register their rental contract on the e-renters portal (emissthosi.gov.gr) within 30 days of the tenancy start. Failure to register and declare rental income is a common enforcement target for AADE, which cross-references bank account credits with declared rental income.
Is there any tax relief for renovating rental properties in Greece?
Greek law does not currently allow individual landlords to deduct renovation costs from rental income for income tax purposes. However, a renovation subsidy program (Exoikonomo + Autonomos, and its successors) has provided grants and subsidised loans for energy efficiency upgrades on residential properties, including rental properties, with the aim of improving Greece's energy performance certificate ratings. These programs are administered by the Ministry of Environment and Energy and applications are made through the program portal. The subsidy reduces the out-of-pocket cost of renovation but does not affect the rental income tax calculation.
What is the rental stamp duty (charosimo) in Greece?
In addition to income tax, rental contracts in Greece are subject to a stamp duty of 3.6% of the annual rent. The stamp duty is shared between landlord and tenant (each pays 1.8% of the annual rent), though in practice many landlords absorb the full amount or the allocation is not enforced. On a monthly rent of 700 EUR (annual 8,400 EUR), the stamp duty is 302.40 EUR per year, or approximately 25 EUR per month per party. The charosimo is paid when the rental contract is first registered and renewed each year. It is separate from and in addition to the rental income tax owed by the landlord.