Greece’s 7% tax regime can offer significant advantages to foreign pensioners who transfer their tax residence to Greece. However, qualifying for the regime does not necessarily mean that every foreign pension will be taxed in Greece at 7%.
The final tax treatment depends on several factors, including:
- the country from which the pension is paid
- the type of pension
- the applicable Double Tax Treaty
- whether the pension arises from private or public-sector employment and
- the applicant’s wider income and tax profile.
Double Tax Treaties may allocate taxing rights differently between Greece and the country of origin. This means that two pensioners relocating to Greece may receive different tax treatment, even if both qualify for Article 5B. For this reason, the pension and the relevant treaty should be reviewed before transferring tax residence.
Our Law Office provides tailored advice on:
- eligibility for the Greek 7% regime
- the application of Double Tax Treaties
- the classification of foreign pensions
- the transfer of tax residence and
- the preparation and submission of the Article 5B application.
Before relying on the headline 7% rate, contact us for an individual assessment of your pension and tax position.
This article provides general information and does not constitute individual legal or tax advice.