It is very important to know the local taxes when living in Greece, especially for those Greek investment immigrants with high net assets. If they don't know, they will be sued for overpaying or underpaying taxes. Let's take a closer look at the Greek tax system with me from Xinjiayuan.
Social security tax: Like most European Union member states, employers in Greece need to withhold some taxes from their employees and pay a part of the taxes themselves, and pay them as social security tax. The proportion borne by the employer is 28.6% of the salary, and that borne by the employee is 16%.
enterprise tax: overseas enterprises only levy taxes on profits made in Greece. At the beginning of 27, the enterprise income tax was 25%. Since 21, the enterprise income tax has been decreasing at the rate of 1% every year, and will become 2% by 215.
capital gains tax: unless otherwise specified by law, capital profits in Greece are uniformly levied according to the income of enterprises.
withholding income tax: since January 29, Greece has imposed a 1% withholding income tax on company dividends, unless the dividend is applicable to the EU parent company? Subsidiaries directive "or according to bilateral tax treaties, dividends can enjoy a lower levy standard. Greek investment immigrants should note that withholding income tax also applies to interest and patent fees, unless it is reduced or exempted by bilateral tax treaties, or the fee is applicable to the EU Interest and Patent Fees Directive.
value-added tax: the value-added tax range in Greece is 4.5%-23%. The value-added tax on goods that do not belong to any special category is 23%. The value-added tax of Category I goods is 13%, and that of Category II goods is 4.5%. On some islands in Greece, the value-added tax on one kind of goods can be reduced to 13%.
In some cases, the Greek government can grant tax exemption or partial tax relief, such as the income earned from stocks in Athens Stock Exchange, renting one's main house, etc., which will be known gradually after applying for investment immigration in Greece and living in Greece for a period of time.
economic situation
Greece has a comprehensive market economy and a public sector that accounts for about half of GDP. Tourism is a pillar industry, accounting for a large part of Greece's GDP and foreign exchange income (about 15%). Greece is the main beneficiary of EU's economic aid, and the funds aided by EU account for about 3.3% of the total GDP. In the past few years, the Greek economy has grown steadily.
The urgent problems to be solved include reducing the unemployment rate and further economic restructuring, including the privatization of several major state-owned enterprises, the reform of social security system and tax system, and reducing the lack of bureaucracy.
Greece has cooperated with other countries since January 1, 22? Euro zone? Member States simultaneously adopted the euro to replace the old Greek currency as the new currency in circulation.
In February, 21, the Greek government owed 3 billion euros, fearing that it would be unable to pay its debts, which led to the country's bankruptcy. Other euro-zone countries were worried that the Greek crisis would have a great impact on them. Greece is one of the PIIGS, which almost led to the collapse of the euro zone in 211.
In 214, the European debt crisis may break out because the market is worried that Greece will withdraw from the rescue ahead of schedule, which will lead to the soaring yield of government bonds and the plunge of the stock market.