The provisions of articles 5A, 5B and 5C of the Income Tax Code (Law 4172/2013) establish special tax regimes aimed at attracting individuals - tax residents abroad, by encouraging the transfer of their tax residence to Greece.
The aim of these regulations is to boost economic activity, investment and employment in the country.
Article 5A – Alternative taxation of foreign income for high-net-worth individuals
Article 5A establishes incentives for high-net-worth individuals, who are tax residents abroad, with the aim of:
- attracting capital to Greece,
- strengthening public revenues,
- the creation of investment units or participation in investment schemes/companies, and
- the creation of new jobs.
Beneficiaries may be subject to alternative taxation for the income they acquire abroad, provided they meet the conditions set out in the article.
Article 5B – Alternative taxation of foreign income for pensioners
Article 5B provides for the possibility for natural persons who receive a pension from abroad to transfer their tax residence to Greece and be subject to a special taxation regime for their income from abroad.
Article 5C – Special method of taxation of income from employment or business activity
Article 5C complements the framework for attracting foreign tax resident individuals, establishing a special method of taxation for income obtained in Greece from salaried employment and/or business activity.
Electronic Submission of a Membership Application (article 5C of the Civil Code)
The application for inclusion in the provisions of article 5C is submitted electronically, through the IAPR’s special application on the digital portal myAADE, using the personal TAXISnet codes.
For more details, please refer to the joint Press Release of the Ministry of Finance and IAPR, entitled "Digitally apply for special taxation of employees and business activity".
Useful Links:
• Tax incentives to attract new tax residents (articles 5A, 5B, 5C of the Income Tax Code)
• Guide: FAQs for submitting a special taxation application (Article 5C of the Income Tax Code)