Income Tax Bracket

Income tax bracket for salaries, pensions, individual business and agricultural activity (valid from 01/01/2020)

Incremental income	Tax Rate %	Tax Scale	Total Income	Total Tax
10.000	9%	900	10.000	900
10.000	22%	2.200	20.000	3.100
10.000	28%	2.800	30.000	5.900
10.000	36%	3.600	40.000	9.500
Exceed	44%

or

Income	Tax Rate %
0,00 – 10,000.00	9%
10,000.01 – 20,000.00	22%
20,000.01 – 30,000.00	28%
20,000.01 – 40,000.00	36%
40,000.00 and more	44%

*The above tax table regarding business and agricultural activity concerns only individual business entities.


-  Up to 8.637€ there is no tax calculated for pensions and salaries only.

- Individuals with 1 dependent child have zero to tax to pay up to 9.000€ annual income, with 2 dependent childs up to 10.000€ annual income, with 3 dependent childs up to 11.000€ annual income.


Obligatory electronic payments in goods and services

Each individual must purchase goods and services  using electronic payment methods on 30% rate of their total income.

Failure to make electronic payments at 30% of their total income, an additional tax is imposed on the difference between the necessary and completed amount.

i.e. On total income of 10.000€ you must make 3.000€ electronic payments on goods and services. If you make only 1.100€, then on the difference 3.000 - 1.100 = 1.900 you will pay additional 22%. 22% x 1.900 = 418.00€

See below which electronic method and payments are valid for the above rule.

Methods of electronic payments within Greece or any other EU countries:

a) Direct payments using credit or visa or prepaid cards.

b) Internet banking transfers, bank notes/checks, e-wallet, easy-pay machines inside the banks and deposits to a bank cashier and post office payments

Categories of goods and services: 

a) Food and alcohol

b) Clothing

c) Electricity and water consumption (Rents are excluded)

d) Various expenses for vehicles (Vehicle Excise Duty is excluded)

e) Mobile and phone bills

f) Theaters, cinemas etc

g) training and education

h) hotels, cafes, restaurants,

i) other goods and services.

The following categories of individuals are not obligated to make electronic payments:

- Individuals over 70 years old,
- Individuals with disabilities over 80%,
- Non Greek Tax Residents,
- Greek Tax Residents working abroad,
- Individuals living permanent to villages with official population less than 500 residents and on islands less than 3.100 residents, unless they are characterized as tourist destination,
- Individuals who have been hospital patients over 6 months,
- Individuals living in special retirement/nursing institutes,
- Individuals with real income less than 6.000€ and imputed/hypothetic income less than 9.500€,
- Third-country individuals who are consider as refugees.

Also, people who submit a common tax declaration can share each other's amounts. So if one of you exceed the minimum limit, the excess amount can be used to the other person.