Regime Rate
7%
Under the Pensioner Flat Tax
Standard Top Rate
44%
without this regime
Duration
15 yrs
Maximum 15 years from application
Target Profile
Flat Rate
Greece
Tax Savings Illustration
Example: €150,000 Annual Gross Income
Under Pensioner Flat Tax
€10 500
Standard Rate
€46 200
Annual Saving
+€35 700
Eligibility Requirements
Who qualifies?
- Foreign-source pension recipients transferring tax residency to Greece
- must not have been Greek resident for 5 of prior 6 years
How the Regime Works
Full details
7% flat tax on all worldwide income for qualifying retirees; replaces progressive rates. Available for max 15 years. Min 183 days in Greece required.
Regime vs Standard Rates in Greece
| Tax Type | Standard Rate | Under This Regime | Saving |
|---|---|---|---|
| Income Tax (top rate) | 44% | 7% | -37.0pp |
Frequently Asked Questions
What is the Pensioner Flat Tax in Greece?
The 7% Flat Tax for Foreign Retirees (Art. 5B) is a special tax regime in Greece that provides 7% flat rate to qualifying individuals or entities. 7% flat tax on all worldwide income for qualifying retirees; replaces progressive rates. Available for max 15 years. Min 183 days in Greece required. Legal basis: Art. 5B ITC; L.4646/2019.
Who is eligible for the Pensioner Flat Tax?
Eligibility for the Pensioner Flat Tax is limited to: Foreign-source pension recipients transferring tax residency to Greece; must not have been Greek resident for 5 of prior 6 years. Applicants typically must not have been Greece tax residents during a specified prior period. Always verify current conditions at the source: Art. 5B ITC; L.4646/2019.
How much tax do you pay under the Pensioner Flat Tax?
Under the Pensioner Flat Tax, you pay 7% flat rate on qualifying income — significantly lower than Greece's standard top rate of 44%. On €150,000 gross, you save thousands of euros per year.
How long does the Pensioner Flat Tax last?
The Pensioner Flat Tax lasts for 15 years from the year you first qualify. After this period, standard Greece tax rates apply unless you qualify for another regime or change tax residency.
How do I apply for the Pensioner Flat Tax?
Application procedures for the Pensioner Flat Tax are set out in Art. 5B ITC; L.4646/2019. You typically need to file a formal application with Greece's tax authority after establishing residency. Consult a local tax advisor for guidance.
Other Special Regimes to Compare
Disclaimer: This information is for general guidance only and does not constitute tax advice. Tax laws change frequently. Always consult a qualified tax professional before making residency or tax planning decisions.