Nonresidents in Greece are taxed on their Greek-sourced income. Married couples are taxed separately, but some modifications are applicable. Nonresidents are allowed to avail of deductions and credits if they are residents of EU member states, and 90% of their worldwide income is from Greek sources.

Income Tax

Nonresidents in Greece are liable to pay taxes on their income from Greek sources. Taxable income includes (1) employment income, (2) professional income, and (3) investment income. The taxable income is generally an aggregate of all kinds of income, less income-generating expenses and applicable deductions.

Income Tax on Business Income 2024

Taxable Income, €	Tax Rate
Up to €10,000	9%
€10,000 - €20,000	22% on band over €10,000
€20,000 - €30,000	28% on band over €20,000
€30,000 - €40,000	36% on band over €30,000
Over €40,000	44% on all income over €40,000
Source: Global Property Guide

Rental Income Tax

Rental income earned in Greece is taxed at progressive rates, from 15% to 45%. Income-generating expenses are deductible from the gross income. Instead of itemized deductions, taxpayers can avail of standard deductions: 40% for income-generating expenses (with supporting invoices) and 10% for depreciation.

Income Tax on Real Estate 2024

Taxable Income, €	Tax Rate
Up to €12,000	15%
€12,000 - €35,000	35% on band over €12,000
Over €35,000	45% on all income over €35,000
Source: Global Property Guide

Capital Gains Tax

Capital gains derived from selling real estate property are taxed at a flat rate of 15% on properties that you have owned for less than 5 years. For real estate owned more than 5 years, the gains are not taxed. Taxable capital gains are calculated as the selling price less acquisition costs and related expenses.

Corporate Taxation

Income Tax

Income and capital gains earned by companies are subject to corporate income tax at a flat rate of 22%. Income-generating expenses are deductible when calculating taxable income. Rental income received by corporations is considered business income and is subject to the corporate tax rate.

Property Buying Costs and Taxes in Greece

Transaction Costs

Transaction Costs
		Who Pays?
Transfer tax	3.09%	buyer
Registration fees	0.48% - 0.68%	buyer
Notary fees	0.80% - 1.00% (+ 24% VAT)	buyer
Legal fees	1.00% - 2.00%	buyer
Real Estate Agent Fee	2.00% - 4.00% 2.00% - 4.00%	buyer seller
Total costs paid by the buyer:	7.37% - 10.77%
Total costs paid by the seller:	2.00% - 4.00%
ROUNDTRIP TRANSACTION COSTS	9.37% - 14.77%
* The round trip transaction costs include all costs of buying and then re-selling a property - lawyers´ fees, notaries´ fees, registration fees, taxes, agents´ fees, etc. Source: Global Property Guide

Property Holding Tax

State Real Estate Tax (ENFIA)

State real estate tax is imposed annually on natural and legal entities that possess Grecian property. The principal tax base is calculated from the property’s price zone, year of construction, floor space, usage, and other qualities. A large proportion of the principal tax will come from the zone tax rates.

ENFIA Zone Tax Rates 2024

Zone Value, €/m2	Tax Rate €/m2
0-750	2.00
751-1,500	2.80
1,501-2,500	3.70
2,501-3,000	4.50
3,001-3,500	7.60
3,501-4,000	9.20
4,001-4,500	11.10
4,501-5,000	13.40
Over 5,000	16.20
Source: Global Property Guide, PWC

In addition, ENFIA has a supplementary tax base calculated as the objective property value on 01 January as assessed by the tax authorities. Properties owned by individuals are taxed at progressive rates.

Property Tax 2024

Property Value, €	Tax Rate
Up to €400,000	0%
€400,000 - €2 million	0.20% - 1%
Over €5 million	2%
Source: Global Property Guide, PWC

Local Real Estate Duty (TAP)

Local real estate duty is payable to the municipal authorities. The rate varies between 0.025% and 0.035% of the assessed value of the property.