Why Greece
7% Flat Tax on Pensions
Keep More of What You Earned
Overview
What Makes This Matter?
Greece offers one of Europe's most attractive tax regimes for foreign pensioners: a flat 7% tax rate on all foreign-source pension income for 15 years. This means a retiree with a €30,000 annual pension pays just €2,100 in Greek tax — potentially saving €5,000-€15,000+ per year compared to tax rates in most Northern European countries.
In Detail
The 7% flat tax regime (non-dom regime) was introduced in 2020 to attract foreign pensioners. It applies to all foreign-source pension income — state, private, and occupational pensions. Greek-source income is taxed separately under normal rules. The regime lasts 15 consecutive years and requires you to become a Greek tax resident and spend at least 183 days per year in Greece.
Key Facts
Benefits
Why This Matters for Your Retirement
FAQ
Common Questions
Who qualifies for the 7% regime?
You must not have been a Greek tax resident for 5 of the last 6 years, transfer your tax residency from a country with a Greek tax treaty, and spend at least 183 days per year in Greece. Both foreign nationals and returning Greek nationals can qualify.
Does the 7% apply to all my income?
No. The 7% rate applies only to foreign-source pension income. Other income such as rental income, dividends, or Greek-source employment income is taxed under Greece's standard progressive tax rates, which start at 9%.
How much can I actually save?
Savings depend on your pension and home country tax rate. A €40,000 pension taxed at 30% elsewhere pays €12,000. In Greece under the 7% regime, you pay €2,800 — saving €9,200 per year, or €138,000 over 15 years.
Interested in Learning More?
Book a free consultation and get personalised advice on how 7% flat tax on pensions can enhance your retirement in Greece.