
Tax Rates for Entities in Greece
In Greece, entities such as corporations and other legal entities are subject to several types of taxes. Below is an overview of the key tax rates: Corporate Income Tax Standard Rate: 22% This rate applies to the net taxable income of all legal entities, including corporations (A.E.), limited liability companies (E.P.E. and I.K.E.), and other types of businesses. Value Added Tax (VAT) Standard Rate: 24% Applies to most goods and services. Reduced Rate: 13% Applies to specific goods and services, such as food products, medical services, and hotel accommodations. Super Reduced Rate: 6% Applies to certain essential goods like pharmaceuticals, books, and theater tickets. Dividend Tax Standard Rate: 5% Applies to dividends distributed by Greek companies to shareholders. Special Consumption Tax Fuel: Varies by type (e.g., petrol, diesel, LPG) Tobacco Products: Varies by type and quantity Alcoholic Beverages: Varies by type and quantity Specific rates are applied depending on the product category and characteristics. Unified Property Tax (ENFIA) Main Tax: 2-13€/sqm Based on the size, location, and characteristics of the property. Supplementary Tax: 0.55% Applied to the total value of the property if it exceeds 250,000€. Capital Gains Tax Standard Rate: 15% Applies to profits from the sale of real estate. Inheritance and Gift Tax Group A: 0-10% For close relatives (e.g., spouses, children). Group B: 0-20% For extended relatives (e.g., siblings, nieces/nephews). Group C: 0-40% For non-relatives and other beneficiaries. Social Security Contributions Employee Contribution: 15.33% Calculated on gross salary. Employer Contribution: 24.81% Calculated on gross salary. Motor Vehicle Tax Based on engine size and CO2 emissions: Various Rates Annual tax calculated based on vehicle specifications. Special Property Tax for Offshore Companies Standard Rate: 15% Applies to offshore companies owning property in Greece. Transfer Tax on Property Sales Standard Rate: 3% Applied to the transaction value during property sales. Summary Entities operating in Greece are subject to a range of taxes, including corporate income tax, VAT, dividend tax, special consumption taxes, property taxes, capital gains tax, inheritance and gift taxes, social security contributions, motor vehicle tax, special property tax for offshore companies, and transfer tax on property sales. These taxes vary in rate and applicability, depending on the nature of the entity's activities and transactions. Understanding these rates is crucial for compliance and effective financial planning for businesses operating within the Greek tax system.