Author Topic: Sun, sea, safety: pensioners' paradise  (Read 636 times)

0 Members and 1 Guest are viewing this topic.

Offline Maik

  • Administrator
  • Forum Deity
  • *****
  • Posts: 21526
Sun, sea, safety: pensioners' paradise
« on: Sunday, 19 July, 2020 @ 13:03:42 »
Quote
Sun, sea, safety: Greece woos Europe's pensioners with 7% income tax rate

Most countries want to attract the young and the willing – entrepreneurs with ideas, students looking to learn, people prepared to do the jobs locals turn down. Greece, though, has decided on a different approach, by making a play for Europe’s retirees.

“The logic is very simple: we want pensioners to relocate here,” says Athina Kalyva, head of tax policy at the Greek finance ministry, who has helped design a scheme to get people to do just that. “We have a beautiful country, a very good climate, so why not?”

The initiative, laid out in a draft law to be tabled in parliament this week proposes a flat income tax rate of 7% for foreign retirees who transfer their tax residence to Greece. The incentive would be applicable for a decade.
https://www.theguardian.com/world/2020/jul/19/sun-sea-safety-greece-woos-british-pensioners-with-7-income-tax-rate

Offline Maik

  • Administrator
  • Forum Deity
  • *****
  • Posts: 21526
Re: Sun, sea, safety: pensioners' paradise
« Reply #1 on: Thursday, 01 October, 2020 @ 10:00:45 »
Quote
How foreign retirees can pay tax in Greece

The government formally issued a call on Wednesday to pensioners from abroad wishing to relocate to Greece and become taxpayers in this country, with a number of foreigners having already contacted the competent authorities in Athens with questions about the process.

The following three eligibility criteria will apply for pensioners from abroad to secure tax residence in Greece with a flat income tax rate of 7% for the next 10 years:
https://www.ekathimerini.com/257566/article/ekathimerini/business/how-foreign-retirees-can-pay-tax-in-greece