According to the Hellenic Income Tax Code (Law 4172/2013) the taxpayer who has completed the 18th year of age is obliged to declare all his income, taxable in any way or exempt, to the Tax Administration electronically.
Taxpayers who do not have their tax residence in Greece are subject to tax and submit a tax return for their taxable income that arises in Greece and is obtained within a certain tax year (see POINTS THAT SHOULD BE CONSIDERED IN DOUBLE TAXATION CONTRACTS BETWEEN STATES)
The taxpayer who has his tax residence in Greece is subject to tax on his taxable income resulting from domestic and foreign, ie his global income that is obtained within a certain tax year. (see ALTERNATIVE TAXATION OF THE DOMESTIC TAX RESIDENCIES)
Income generated in the home country is any income from a Greek source and in particular:
a) the income from paid work that is exercised in the home country, as well as the income from paid work that is exercised abroad and is paid by the Greek State,
b) the income from pensions paid by the Greek State, from a domestic main and auxiliary body of compulsory insurance, as well as from professional funds that have been established by law in Greece,
c) income from administrative services, consulting and techniques provided in the country, through permanent establishment,
d) income from artistic and sports activities provided in the home country,
e) income from business activity that is exercised in the home country, through permanent establishment
(f) income from the transfer of fixed assets by a foreigner engaged in business through permanent establishment in the home country,
g) the income from real estate and the income from other rights arising from real estate, if the real estate is located in the home country,
h) the income from the sale of real estate, which is located in the home country,
i) the income from the sale of an entire business, corporate shares or participation rates, shares, listed or non-listed bonds and derivatives of financial products, provided that the above securities have been issued by a domestic company,
j) income from dividends or other distributed amounts from a legal entity that has its tax residence in the home country,
k) income from dividends or other distributed amounts from the legal entities that have their tax residence in the country,
l) income from interest paid or credited due to a tax resident of Greece or a foreigner through permanent establishment in the home country,
m) income from rights that are credited or paid by a domestic or foreign tax resident through a permanent establishment in the home country.
Income generated abroad means any income that does not arise in the home country.
The electronic platform of the Ministry of Finance will be opened within the first ten days of April 2020 for the submission of declarations for the tax year 2019.
Our office offers legal, financial, accounting advice regarding the tax obligations of the Customer in the Country in collaboration with an accountant-tax technician.
We undertake Submission before the competent Public Financial Service of the annual Income Tax Returns (E1) and Real Estate (E9) as well as any other Declaration imposed by law, on behalf of the Customer.