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Greece V.A.T. and Other Taxes













Greece Value Added Tax
  • From June 1, 2016 the standard V.A.T. rate in Greece is 24% increased from the previous 23% rate.
  • There is a reduced rate of 13% that applies, in the main, to food, medicines. The V.A.T rate for hotel accommodation, books and newspapers is 6.5%.
  • In specific areas in Greece, there is a reduction on the above rate of VAT.
  • VAT is charged on assets and services provided in Greece as well as on imports into Greece.
  • In many cases, exports are not subject to value added tax. Similarly insurance services, educational services, legal services, medical services and more are exempt from VAT.
  • There is no threshold for VAT registration

Greece Real Estate Transfer Tax
  • A real estate transfer tax is payable in Greece on the sale of real estate which is not subject to VAT.
  • The rate of tax is 6%, including the 3% municipal tax.

Greece Real Estate Tax
  • Real estate owners are taxed in Greece on the real estate that they own. The tax is applicable to individuals and to companies.
  • Real estate that is valued at less than EUR 200,000 is exempt from real estate tax.
  • The rate of tax for real estate with a value in excess of the limit for exemptions, fluctuates between 0.1%- 1%.
    A 2% rate is imposed on assets with value exceeding EUR 5 million.

Greece Inheritance and Gift Tax
  • Inheritances / gifts are taxable in Greece.
  • The tax is payable on real estate in Greece and real estate outside Greece that is owned by a Greek resident.
  • The rate of tax is between 0% - 40%. The amount of tax is affected by the relationship between the person making the gift / the testator, and the recipient of the gift / the heir.







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