Other taxes and levies | KPMG Global
Share with your friends

Greece - Other taxes and levies

Other taxes and levies

Taxation of international executives


Related content

Social security tax

Are there social security/social insurance taxes in Greece? If so, what are the rates for employers and employees?

Employer and employee

Type of insurance Paid by employer Paid by employee Total
Social insurance 25.06% 16% 41.06%
Total 25.06% 16% 41.06%

A new fund is established named “Unified Social Security Fund” (E.F.K.A.), which, as of the commencement of its operation on 1 January 2017, absorbs the existing main social security funds (i.e. I.K.A. – E.T.A.M., E.T.A.P. – M.M.E., E.T.A.A., O.A.E.E. etc.). The above rates apply for E.F.K.A. fund covering the salaried employees. It should be noted that not all the categories of the working force are covered by the same social security rates as the salaried employees. Further investigation is required in case the individual performs other kinds of entrepreneurial/business activities.

Note: The employee rate is scheduled to be reduced to 15.75% as of 1 June 2019 and to 15.5% as of 1 June 2022. The employer rate is scheduled to be reduced to 24.81% as of June 2019 and to 24.56% as of 1 June 2022.

In certain circumstances, EU and non-EU employees may be exempt from registering with the Greek social system.

Gift, wealth, estate, and/or inheritance tax

Are there any gift, wealth, estate, and/or inheritance taxes in Greece?

Inheritance and gift tax is based on the value transferred through inheritance or gift (donation). The tax is based on a graduated scale of rates, which increases with the value of the property transferred (inherited or gifted). The rates also vary depending on the degree of relationship between the deceased or donor and the recipient of the property. Inheritance tax applies to all property located in Greece as well as movable property located abroad owned by Greek citizens or foreign nationals domiciled in Greece (except for those residing abroad for more than 10 years).

Donation tax applies to all property located in Greece. It also applies to movable property located abroad and owned by Greek citizens. Finally, it also applies to movable property located abroad and owned by foreign citizens provided that the recipient of the donation is a Greek or foreign citizen domiciled in Greece.

The recipient of an inheritance or donation is obliged to file a tax return generally within six months from the death of the inherited individual or publication of a testament or receipt of a donation. Under certain circumstances where a donation is effected, both the recipient (donee) and the donor must file a joint tax return.

Exemptions from inheritance and donation tax may apply under circumstances for social (e.g. tax exemption for the husband/wife and the juveniles of the inherited) of for economic reasons (such as tax exemption of joint accounts). 

Real estate tax

Are there real estate taxes in Greece?

A Unified Real Estate Ownership Tax (UREOT) is imposed on individuals and legal entities irrespective of their citizenship as follows. 

UREOT consists of a main tax and a supplementary tax. The main tax on buildings ranges from EUR 2 to EUR 13 per square meter, depending on their location/tax zone, multiplied by certain coefficients that vary depending on elements characterizing each property, such as its surface, building’s age, etc.

The main tax for plots of land located within city limits or zoned areas ranges from EUR 0.0037 to EUR 11.2500 per square meter, depending on their location/tax zone.

The main tax for plots of land located within city limits or zoned areas is EUR 0.001 per square meter, multiplied by certain coefficients that vary depending on their use, whether they are irrigated, etc.; the resulting main tax is increased fivefold, if a residence is built on such a plot of land.

The supplementary tax is imposed on all real estate owned by legal entities at the rate of 5.5‰ of the objective tax value. The non-profit entities’ supplementary tax depending on the clause amounts to 3.5‰.
The supplementary tax is imposed on individuals owning real estate exceeding EUR 200,000 in total (calculated on values resembling the objective tax value) and is calculated at rates ranging from 0.1% up to 1.15% on such values.

24% VAT is imposed on the transfer of new buildings whose construction license was issued or renewed as from 1 January 2006 (provided that construction works have not commenced up to the date of the license’s renewal). Following this first transfer, every subsequent transfer will be subject to 3.09% real estate transfer tax.

Sales/VAT tax

Are there sales and/or value-added taxes in Greece?

A value-added tax (VAT) at the rate of 24 percent applies in Greece.

Unemployment tax

Are there unemployment taxes in Greece?


Other taxes

Are there additional taxes in Greece that may be relevant to the general assignee? For example, customs tax, excise tax, stamp tax, and so on.

Local taxes

There are no churches or local taxes imposed on the income of individuals.

Transfer taxes

Real estate transfer tax is levied on the title transfer of real estate. The tax is computed on the difference between the sale price and the purchase price.

Capital gains arising from the transfer of real estate is taxable at the rate of 15% as of 1 January 2018 and on the condition that it is not considered business profit.

© 2019 KPMG Advisors AE, a Greece Corporation and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us


Request for proposal