Ministry of Economy of Greece No. 1036 / 26-02-2020 regarding the application of Article 5A of Law 4172/2013 on the alternative taxation of income received abroad by a foreign individual applying for the transfer of his tax residence to Greece.
The individuals should be Foreign or Greek citizens, permanent tax residents abroad the last seven (7) of eight (8) previous years.
Those wishing to become tax residents in Greece on their special application and without the need to stay 180 days a year to maintain the status of a tax resident in Greece, at the same time have to receive a tax haven in Greece for their global income for the period 2020-2035 (15 years), regardless of their amount, paying annually only a fixed tax rate in Greece (100,000 EUR),and investing in the Greek economy through a legal entity in the amount of at least 500,000 euro in stages within 3 years from the date of publication of the alternative taxation program i.e. from 12-12-2019.
What is the benefit of the current program of alternative taxation of income received by a foreign citizen abroad of Greece?
The possibility of paying a fixed annual tax in the amount of 100,000 euro, regardless of the total amount of income received abroad in Greece, At the same time family members – relatives pay a tax of 20,000 euro on any income received by them abroad in Greece, if they also apply for an alternative taxation program
Tax residence in Greece (EE) is granted for a period of up to 15 years subject to timely payment of a fixed tax of EUR 100,000 per annum
NO REQUIREMENT FOR ACCOMMODATION OF 180 DAYS IN GREECE for obtaining and maintaining the status of a tax resident of Greece for the next 15 years
According to clause 7 of article 5 of the instruction, the payment of a fixed tax in Greece completely exhausts tax obligations on all declared world income of an individual
According to paragraph 2 of article 5 of Law 4172/2013 (paragraph 1 of article 7 of instruction No. 1036 / 2020), an individual who is included in the alternative taxation program in Greece is exempted from having to declare the amount of his world income in the annual tax return
According to paragraph 2 of article 34 of Law 4172/2013 (paragraph 2 of article 7 of instruction No. 1036 /2020), an individual who is included in the alternative taxation program in Greece is exempted from the need for documentary evidence of the official import of funds into Greece or any other bank transfer transaction Money.
Applications for the current economic year (2020) must be submitted before 31-03-2020!
At the same time, the period of 60 days i.e. until 31-05-2020 (clause 1 of article 4 of the instruction).
(Clause 2 of article 3 of the instruction) If a taxpayer first submits an application for obtaining a TIN in Greece or he was registered in the archival data of the Greek tax service as a foreign resident seven (7) of the previous eight (8) years prior to the submission of a transfer application His tax residency status in Greece, does not require the provision of documents on foreign tax residence.