Low Taxation(GR)๐Ÿ‡ช๐Ÿ‡บ๐Ÿ‡จ๐Ÿ‡ณ

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Types of business you can set up in Greece:

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  1. Limited Liability Company
  2. Societe Anonym (A.E.) โ€“ Company Limited by Shares
  3. Partnership
  4. Sole Trader

There are two types of Tax, corporate and personal income tax

  1. Corporate Tax –  currently there is a flat rate of 39% plus further taxes upon personal tax declarations of the shareholders.
  2. Personal Income Tax โ€“ up to โ‚ฌ12,000 of annual income there is no implication of tax. Beyond the โ‚ฌ12.000 the amount of payable tax is decided according to earnings using a scale between 22% and 45%, with the top band at a modest โ‚ฌ40,001 annual income.

VAT โ€“ currently there is a VAT charge of 24%.

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