We undertake the study and correct completion of the tax return with your worldwide income in Greece.
For international residents
DECLARATION E1 /
With global income
If a tax resident of Greece receives income from abroad and does not meet the criteria to declare the transfer of my tax residence, he/she must declare his/her worldwide income in Greece.
In this case, the income is taxed according to the Greek provisions and depending on what the double tax treaty between Greece and the country from which the income arises stipulates, the tax paid abroad is recognised as a deduction from the Greek tax.
Double tax conventions set out how income received from one country is taxed when the recipient is a tax resident of another country.
There are three situations, either the income is taxed exclusively at source, or exclusively in the country of tax residence, or in both countries with recognition of the tax paid in the source country.
It is important to interpret the contract correctly and to know the correct application procedure.
In the case of global income, the taxpayer should be informed in detail about the documents that will have to be issued abroad, the visas that must be obtained for them, and the exact times that will be requested in Greece, so that there is no risk that the tax paid abroad will not be deducted and the amount will be requested to be taxed in full in Greece.
Points of attention
- When submitting the return with the worldwide income and the tax paid abroad, the Greek tax authorities will request the verification of the supporting documents in a short period of time, so the taxpayer should be prepared with the appropriate documents.
- In case the tax authorities of the two countries (the source of income and the taxpayer’s tax residence) do not agree on how to recognise and credit the tax, the Directorate of International Economic Relations of the Ministry of Finance and the corresponding department in the foreign country are responsible for resolving the issue.
Do you want to submit your global income declaration using the SWIFT application?
We are here to help you through the process and provide you with all the information you need to take the right steps and avoid incurring additional taxes.