Direct taxes - Personal Income Tax

    Generic part

    Personal income tax
    Φόρος εισοδήματος φυσικών προσώπων
    EL - Greece
    EUR
    Date
    Year
    1994/01/01
    2018/01/01
    2018/02/02 14:58:45

    Contact information

    Administration

    Service

    Website

    E-mail

    Telephone

    Who sets

    The tax rate is set by

    • Central authority
    • Regional authority
    • Local authority
    • Social security

    The tax base is set by

    • Central authority
    • Regional authority
    • Local authority
    • Social security

    The reliefs are set by

    • Central authority
    • Regional authority
    • Local authority
    • Social security

    Beneficiary

    • Central authority
    • Regional authority
    • Local authority
    • Social security
    • Others

    Geographical Scope

    EL - Greece
    No Yes

    Taxpayers

    Who is liable for the tax?

    • Residents
    • Non-Residents

    Tax object and basis of assessment

    As general rule, taxable income under personal income tax includes

    • Employment income
    • Income from business or self-employed activities
    • Income from sport and entertainment activities
    • Benefits in kind (company car, meal cheques, etc)
    • Pension income
    • Owner-occupied immovable property
    • Dividends
    • Interests from government bonds
    • Interests from corporate bonds
    • Interests from special saving accounts
    • Interests from deposits
    • Royalties
    • Income from renting immovable property
    • Income from renting movable property
    • Capital gains on immovable property
    • Capital gains on movable property
    • Inheritance
    • Annuities from life insurance
    • Prizes and awards
    • Scholarships
    • Income from occasional activities
    • Revenues from donations and gifts
    • Revenues from lotteries and games activities

    Income considered for residents

    Domestic income
    Worldwide income (subject to double-tax relief)

    Domestic-source income of non-residents is

    Taxed
    Not Taxed

    Employment incomes of married couples are

    Taxed jointly
    Taxed separately

    Benefits in kind

    • Company car
    • Low-interest loans
    • Stock options
    • Meal, sport, cultural cheques
    • Health insurance
    • Computer and IT services
    • Phone and telecommunications services
    • Parking
    • Public transport
    • Day-care for children
    • Meals at cantine
    • Accommodation

    Deductions, Allowances, Credits, Exemptions

    Deductions from the tax base

    • Child care expenses
    • Educational expenses
    • Sport activities expenses
    • Medical expenses
    • Travel expenses
    • Interest on mortgages
    • Capital from mortgages
    • Interest from loans other than mortgages
    • Alimony obligations under law
    • Donations
    • Contributions to supplementary pension or health insurance
    • Contributions to life insurance funds
    • Investments in companies located in specific regions or active in specific businesses
    • Investments in eco-friendly or energy-efficient goods
    • Investment in IT materials or e-services
    • Membership fees to Unions
    • National, regional or local taxes

    Deduction for professional expenses, in particular for employees

    • No deduction
    • A lump-sum amount:
    • In percentage of income:
    • Based on real expenses
    • Capped

    Deduction for professional expenses, in particular for self-employed

    • No deduction
    • A lump-sum amount:
    • In percentage of income:
    • Based on real expenses
    • Capped

    Deduction for child care expenses

    • No deduction
    • A lump-sum amount:
    • In percentage of income:
    • Based on real expenses
    • Capped

    Allowances

      in EUR/National Currency or % of tax base

    Credits

      in EUR/National Currency or % of tax base
    1,900
    50
    50
    100
    • Child care expenses
    • Educational expenses
    • Sport activities expenses
    • Medical expenses
    • Travel expenses
    • Interest on mortgages
    • Capital from mortgages
    • Interest from loans other than mortgages
    • Alimony obligations under law
    • Donations
    • Contributions to supplementary pension or health insurance
    • Contributions to life insurance funds
    • Investments in companies located in specific regions or active in specific businesses
    • Investments in eco-friendly or energy-efficient goods
    • Investment in IT materials or e-services
    • Membership fees to Unions
    • National, regional or local taxes

    Losses

    • Carried-forward for
    • Indefinite
    5 Years
    • Carried-back for
    • Indefinite
    • Transferred to spouse or partner

    Exemptions

    • Employment income
    • Income from business or self-employed activities
    • Income from sport and entertainment activities
    • Benefits in kind (company car, meal cheques, etc)
    • Pension income
    • Owner-occupied immovable property
    • Dividends
    • Interests from government bonds
    • Interests from corporate bonds
    • Interests from special saving accounts
    • Interests from deposits
    • Royalties
    • Income from renting immovable property
    • Income from renting movable property
    • Capital gains on immovable property
    • Capital gains on movable property
    • Inheritance
    • Annuities from life insurance
    • Prizes and awards
    • Scholarships
    • Income from occasional activities
    • Revenues from donations and gifts
    • Revenues from lotteries and games activities

    Rate(s) Structure

    Amount (from) Amount (to) Rate -
    0
    20,000
    22 %
    20,001
    30,000
    29 %
    30,001
    40,000
    37 %
    40,001
    45 %


    Regional taxes

    • A lump-sum amount:
    • A percentage of income:
    • A tax surcharge:

    Local/municipal taxes

    • A lump-sum amount:
    • A percentage of income:
    • A tax surcharge:

    Special surcharges

    Surcharge

    0 - 12,000
    • A lump-sum amount:
    • A percentage of income:
    0 %
    • A tax surcharge:

    12,000 - 20,000
    • A lump-sum amount:
    • A percentage of income:
    2.2 %
    • A tax surcharge:

    20,000 - 30,000
    • A lump-sum amount:
    • A percentage of income:
    5 %
    • A tax surcharge:

    30,000 - 40,000
    • A lump-sum amount:
    • A percentage of income:
    6.5 %
    • A tax surcharge:

    40,000 - 65,000
    • A lump-sum amount:
    • A percentage of income:
    7.5 %
    • A tax surcharge:

    65,000 - 220,000
    • A lump-sum amount:
    • A percentage of income:
    9 %
    • A tax surcharge:

    220,000 -
    • A lump-sum amount:
    • A percentage of income:
    10 %
    • A tax surcharge:


    Separate taxation

    • Employment income
    • Income from business or self-employed activities
    • Income from sport and entertainment activities
    • Benefits in kind (company car, meal cheques, etc)
    • Pension income
    • Owner-occupied immovable property
    • Dividends
    15 %
    • Interests from government bonds
    15 %
    • Interests from corporate bonds
    15 %
    • Interests from special saving accounts
    15 %
    • Interests from deposits
    15 %
    • Royalties
    20 %
    • Income from renting immovable property
    15 %
    • Income from renting movable property
    • Capital gains on immovable property
    • Capital gains on movable property
    • Inheritance
    • Annuities from life insurance
    • Prizes and awards
    • Scholarships
    • Income from occasional activities
    • Revenues from donations and gifts
    • Revenues from lotteries and games activities

    Withholding taxes

    • Dividends
    15 %
    Final Creditable
    • Interests from government bonds
    15 %
    Final Creditable
    • Interests from corporate bonds
    15 %
    Final Creditable
    • Interests from special saving accounts
    15 %
    Final Creditable
    • Interests from deposits
    15 %
    Final Creditable

    Tax due date

    Tax collector

    General comments

    Economic function

    • Consumption
    • Labour Employed (paid by employers and employees)
    • Labour Non-employed
    • Capital income: corporations
    • Capital income: income of households
    • Capital income: income of self-employed
    • Capital stocks

    Environmental taxes

    • Energy
    • Transport
    • Pollution/resources

    Tax revenue

    d51m
    Year Annual tax revenue (in millions) % of GDP % of total tax revenue -
    2016
    10,226
    5.7942 %
    14.9731 %
    2015
    10,047
    5.668 %
    15.4712 %
    2014
    10,478
    5.8649 %
    16.2897 %
    2013
    10,698
    5.9218 %
    16.5706 %
    2012
    13,242
    6.9256 %
    19.3407 %
    2011
    9,823
    4.7447 %
    14.1036 %
    2010
    8,948
    3.9587 %
    12.3567 %
    2009
    10,563
    4.4469 %
    14.4608 %
    2008
    10,997
    4.5444 %
    14.2892 %
    2007
    10,500
    4.5124 %
    14.1911 %
    2006
    9,448
    4.3367 %
    13.967 %
    2005
    8,672
    4.3525 %
    13.6554 %
    2004
    7,916
    4.0864 %
    13.4131 %
    2003
    7,289
    4.0742 %
    12.9371 %
    2002
    6,955
    4.2548 %
    12.8361 %
    2001
    6,074
    3.991 %
    12.4964 %
    2000
    6,102
    4.2678 %
    12.7687 %
    1999
    6,053
    4.3253 %
    13.5941 %
    1998
    5,436
    4.2121 %
    13.6954 %
    1997
    4,228
    3.3462 %
    11.3195 %
    1996
    3,244
    2.8231 %
    9.9214 %
    1995
    2,992
    2.8587 %
    10.0969 %

    Footnotes