We undertake to inform you and guide you in the collection and filing of the documents to obtain the favourable tax treatment
For international residents
Inclusion in 5C
Article 5C complements the framework for attracting individuals who are tax residents of foreign countries by introducing a special taxation regime for income earned in Greece from employment and/or business activity. It concerns taxpayers who transfer their tax residence and business activity to Greece.
A natural person who transfers his/her tax residence to Greece is subject to taxation in accordance with the provisions of Article 5C of the Tax Code, if cumulatively:
a) was not a tax resident of Greece for the previous five (5) of the six (6) years prior to the transfer of his/her tax residence to Greece;
b) transfers his/her tax residence from a member state of the EU or of the EC or from a state with which an administrative cooperation agreement in the field of taxation with Greece is in force,
c) provides services in Greece within the framework of an employment relationship exercised
- either to a domestic legal person or legal entity in Greece
- either in a permanent establishment of a foreign company in Greece
- or carries out a self-employed activity; and
d) declares that he/she will remain in Greece for at least two years.
The taxpayer is exempt for seven (7) tax years, from income tax on fifty percent (50%) of his/her income from employment and/or business activity earned in Greece and from the annual objective expenditure, which is based on residence (primary and secondary) and private passenger cars, regardless of the number of vehicles.
Tip
Guidance in the transitional year is useful as the time of filing and tax liabilities are assessed on the basis of the days defined in the relevant tax residence provisions.