Tax residence transfer in Greece for foreign pensioners.

We can Support you and your family to Apply for the Tax Residence in Greece.

The government is formally inviting foreign pensioners to shift their tax residence to Greece with the introduction of a single tax rate of 7% for their entire income obtained abroad.

According to new L.4714/2020, foreign pensioners may transfer their tax residence in Greece and shall be taxed with 7% in Greece for any income source outside of Greece.

Specific criteria should be met for applying on this regime:

1. Individual has not been Greek tax resident for any of the last five years out of six years before the relocation.

2. Tax residence must transfer from a country that has an agreement for administrative cooperation with Greece.

The foreign pensioner may apply to alternative regime till 31 of March of relevant tax year and the regime will be in force for a maximum period of 15 years.

During these years, the taxpayer should make the payments on time (in lump sum by end of July) in order to remain under this tax regime and can apply for revocation in any time. In case of revocation, individual would be taxed under the general regime.

See also here