Calculate net income for self-employed workers in Greece 2026. Income tax 9%-44% on business profit plus EFKA contributions for freelancers and sole traders.
Enter your annual business revenue and estimated expenses to see net taxable profit, income tax, approximate EFKA, and net annual income as a self-employed worker in Greece.
Estimated net income
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Net taxable profit
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Income tax (9%-44%)
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EFKA estimate (Class A)
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Effective income tax rate
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Your breakdown
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Self-employment income tax rules in Greece
Self-employed income in Greece is taxed on net profit (revenue minus deductible expenses) under the same progressive bracket system as employment income. Unlike employees, self-employed workers must make quarterly prepayments of income tax (prokatavoli) based on the prior year tax, then reconcile on the annual return. They also pay EFKA contributions based on an insurance class system rather than a fixed percentage of income.
Example: 40,000 EUR revenue, 10,000 EUR expenses
Net profit: 30,000 EUR. Income tax: 900 + 2,200 + 2,800 = 5,900 EUR. Tax credit: 0 (above 20,000 EUR taxable). EFKA Class A: approximately 2,616 EUR. Total deductions: 8,516 EUR. Net income: approximately 21,484 EUR. Monthly equivalent: about 1,790 EUR.
Key differences from employment income
Self-employed workers have more flexibility to deduct legitimate expenses, potentially reducing taxable profit significantly. However, they bear the full EFKA cost (no employer contribution shares it), must manage quarterly tax prepayments, and are subject to the self-employment surcharge rules if declared profit falls below the presumptive minimum. Maintaining good records and working with a licensed Greek accountant (logistis) is strongly recommended.
Frequently asked questions
How is self-employment income taxed in Greece?
Self-employed individuals in Greece (eleftheri epaggelmaties and sole traders) are taxed on their net business profit under the same 5-bracket income tax system as employees: 9% on the first 10,000 EUR, 22% on the next 10,000 EUR, 28% on the next 10,000 EUR, 36% on the next 10,000 EUR, and 44% above 40,000 EUR. Net profit is gross revenue minus allowable business expenses. The tax year is the calendar year and tax is filed via the E1/E3 forms on Taxisnet. Self-employed persons may also be subject to a minimum tax based on presumptive income rules if declared income is below certain thresholds.
How much EFKA do self-employed workers pay in Greece?
Self-employed workers in Greece pay EFKA based on an insurance class system rather than a percentage of actual income. For 2025, there are two main classes: Class A (minimum) at approximately 218 EUR per month and Class B at approximately 280 EUR per month, with higher classes for those who opt in for greater coverage. This amounts to roughly 2,616 EUR to 3,360 EUR per year in social contributions. Self-employed EFKA contributions are not automatically tied to actual income in the same way as employee contributions, which can be either advantageous (lower contributions at low incomes) or disadvantageous (no cap at high incomes).
Is VAT required for self-employed businesses in Greece?
Most self-employed businesses in Greece must register for VAT (FPA) and charge the applicable rate. The standard VAT rate is 24%, with a reduced rate of 13% for certain food, hotel, and cultural services, and a super-reduced rate of 6% for books, medicines, and related categories. New businesses with annual turnover below a small business threshold (currently 10,000 EUR) may be exempt from VAT collection obligations, but this is subject to conditions. VAT collected from clients must be remitted to AADE on a quarterly basis and is not part of the business profit calculation for income tax.
What business expenses can self-employed workers deduct in Greece?
Self-employed workers can deduct legitimate business expenses from gross revenue to arrive at taxable profit. Deductible expenses include rent for a business premises, equipment purchases (amortized), professional service fees (accountant, lawyer), business travel, communication costs, advertising, and supplies. Personal expenses mixed with business use must be apportioned. EFKA contributions are also deductible as a business expense. The Greek tax authority AADE can disallow expenses that are not supported by valid receipts (timologio), so record keeping is important.