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  • Greece

    AT A GLANCE

    OUR JURISDICTIONS —

    Greece

    LAST UPDATED 21/07/2023

    AT A GLANCE

    Greece is a member of both the European Union (EU) and the North Atlantic Treaty Organization (NATO). This Mediterranean parliamentary republic is bordered by Bulgaria, the Republic of North Macedonia, Albania and Turkey. Its coastline runs along the Mediterranean and the Aegean Seas. 

    After gaining independence from the Ottoman Empire in the early 19th Century, Greece gradually acquired nearby islands and territories. Now, with Athens as its capital, its official language as Greek, and the euro as its official currency, Greece is made up of 332 municipalities within 13 regions.

    In 2011 Greece introduced their Kallikratis programme designed to restructure the decentralised administration and introduce measures to address the financial crisis. It sought to boost the financial autonomy of local authorities and give them a greater role in devising and implementing policy.

    Our local Tax Natives in Greece can tell you everything you need to know about the ins and outs of your tax obligations there. Whether you’re buying a single property, or doing complex business deals, we’ll get you the advice you need. Just say the word and we can link you with a local expert who can answer all your questions. 

    THE HEADLINES

    • Corporate income tax in Greece is currently 22%
    • The marginal rate of personal income tax in Greece is 44%
    • The standard VAT rate is 24%

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