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Greece – Publication on Special Tax Regimes

GR – Publication on Special Tax Regimes

The KPMG International member firm in Greece has published a new booklet “Special Tax Regimes in Greece,” which highlights key tax and immigration issues that may interest individuals considering relocating to Greece.

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Partner, Head of Tax

KPMG in Greece

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The KPMG International member firm in Greece has published a new booklet “Special Tax Regimes in Greece,” which highlights key tax and immigration issues that may interest individuals considering relocating to Greece.  Included are discussions on:

  • How residency in Greece is established
  • Special tax regimes in Greece that may be beneficial to those who relocate to Greece
  • How high-net-worth individuals who invest in Greece are taxed
  • Preferences for foreign pension income of foreign nationals who take up residence in Greece
  • Advantages to establishing a private business and being an expatriate in Greece
  • Issues of note for those considering expanding their investments in Greece.

(For related coverage, see GMS Flash Alert 2021-008, 5 January 2021.)

WHY THIS MATTERS

Working individuals, business owners, investors, and retired individuals who are thinking about relocating to Greece should make themselves aware of the immigration requirements, residency rules, and special tax regimes that could apply to them, depending on their facts and circumstance.  This booklet provides a useful primer on these and other matters that could help such individuals make decisions about living, working and investing in Greece.

However, it is recommended that that such individuals discuss their situations with their qualified tax professionals before any decisions are taken. 

KPMG NOTE

Individuals may be curious about how residency in Greece is established.  What special tax regimes in Greece exist that may suit an individual’s goals and aspirations should they be considering relocating to Greece?  How are high-net-worth individuals who invest in Greece taxed?  Are there any tax-preferential rules for residence in Greece that apply to foreign nationals receiving foreign pension income?  Are there any advantages to establishing a private business or being an expatriate in Greece?  Should an individual consider expanding his or her investments in Greece? 

These are some of the questions discussed by the KPMG International member firm in Greece in their recently-published booklet “Special Tax Regimes in Greece,” along with other tax and immigration issues that may interest individuals considering relocating to Greece.

The information contained in this newsletter was submitted by the KPMG International member firm in Greece.

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© 2021 KPMG KPMG Advisors Single Member S.A., 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.

Flash Alert is an Global Mobility Services publication of KPMG LLPs Washington National Tax practice. The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

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