Page 25 - CEE Tax Guide 2025

and inheritance (voluntary and partial distribution
VAT options in Greece Applicable / limits
of an inheritance, including distribution through
Distance selling EUR 10,000/year an auction). It must be declared and paid by the end
Call-off stock of the month following the transaction, with parties
deciding on the tax cost distribution. Tax rates are:
VAT group registration No
3.60% for transactions between individuals, non-
Cash accounting – yearly Optional for small companies residential leases, compensation, and transactions
amount in EUR (approx.) with a turnover of up to 2m
with the State or municipalities; 2.40% for certain
Import VAT deferment transactions between businesses and third parties;

Local reverse charge B2B sales for laptops, tablets, 1.20% for payments to individuals or board members,
cell phones, and game consoles and deposits/withdrawals from legal entities; and
under conditions 0.30% for checks presented to financial institutions.
Option for taxation
Personal income tax /
letting of real estate Optional on business rentals
Social security system
supply of used real estate No
VAT registration Not applicable to taxable In Greece, taxable employment income includes all
threshold persons. Small businesses with remuneration, both cash and in-kind benefits (e.g.,
turnover up to EUR 10,000
may be VAT-exempt. The EUR private use of a company car, benefits over EUR
10,000 threshold also applies 300/year). Personal income tax is progressive, with
to pan-EU digital services and rates from 9% to 44% based on income. A family tax
goods under the OSS.
allowance, ranging from EUR 777 to EUR 1,780, may
reduce the tax payable, subject to conditions. Rental
A 6% super-reduced rate applies to medicines, income from immovable property is also taxed
books, newspapers, theater tickets, and progressively, from 15% to 45%, depending on the
utilities. These rates are reduced by 30% on the amount earned.
islands of Leros, Lesvos, Kos, Samos, and Chios. In Greece, employment income is subject to Social
Exceptionally, services for removing architectural Security Contributions (SSC) under E.F.K.A.
barriers for disabled persons are taxed at 4%. From Employees contribute 13.37%, and employers
January 1, 2024, the reduced VAT rate of 13% for contribute 21.79% of the gross salary, covering both
goods and services related to transportation and full-time and part-time workers. Benefits include
gyms, and the reduced VAT rate of 6% for cinemas unemployment, illness, disability, retirement,
and public health are permanent. and death. Contributions are capped at EUR
The Digital Transaction Fee, replacing stamp duty, 7,572.62 of gross salary. Employers are responsible
applies to transactions like loans, commercial leases, for both their own contributions and withholding
deposits, sales of movable/intangible goods (when employee contributions, which must be promptly
they are not subject to VAT), business transfers, remitted to the social security system.

Wage related taxes in Greece Minimum wage Average wage in private sector

Exchange rate HUF/EUR 389 in EUR in EUR
830 1,342 621,200
Total wage cost 1,011 122.00% 1,634 122.00%
Employer contribution 181 21.79% 292 21.79%
Gross salary 830 100.00% 1,342 100.00%
Employee’s contribution 111 13.37% 179 13.37%
Withholding tax 9.83 1.00% 113.52 8.00%

WITHHOLDING TAX 0 0.00% 0 0.00%
Net salary 709 85.00% 1,049 78.00%

Nikos Kasouridis
Tax Partner
Phone: +30 6937050114
E-mail: nikos.kasouridis@forvismazars.com

Central and Eastern European tax guide 2025 Forvis Mazars 25