The Ministry of Finance is planning to exempt pensioners from the obligation to submit an income tax return, if they do not receive income from other sources. This practice is expected to be effective from...
VAT is an indirect tax imposed on the final consumer of goods or recipient of services. In this short article, we will try to examine the VAT charged on the repair and maintenance cost of...
Many people moved to Greece for employment purposes or for relaxation after their retirement. However, all these people know very little about Greek tax framework and the liabilities that emerge due to their living in...
The new Income Tax Code, recently submitted to Greek parliament for further discussion and voting, constitutes an important step towards the establishment of a simpler and fairer tax scheme. It is expected the provisions of...
The Greek government, according to the Article 6 of Law 4146/2013, extends visiting or living period in Greece for people who buy a property of high value. This effort is expected to attract high or...
Minister of Finance proposal for the taxation of property was presented to coalition government’s members. The Minister of Finance, G. Stournaras, presented to representatives of the three parties supporting the government, a new type of...
TAX HIGHLIGHTS
#Greece
Corporate Tax: 22%
Dividend Tax: 5%
VAT: 6% | 13% | 24%
Interest: 15%
Royalties: 20%
Capital Gains: 15%
#UK
Corporate Tax: 19-25%
Dividend Tax: 0% for non-residents
VAT: 0% | 5% | 20%
Interest: usual income tax rates for residents
Royalties: 0% withholding tax
Capital Gains: usual income tax rates for residents, 0% for non-residents
#Malta
Corporate Tax: 35% (refund applicable to non-residents)
Dividend Tax: 0%
VAT: 0% | 5% | 7% | 18%
Interest: 0% for non-residents
Royalties: 0% for non-residents
Capital Gains: 0% to 8%
