If you’re a resident of Greece, you’re probably wondering what the tax rate is. It’s a question that comes up a lot in conversations with Greeks and foreigners alike. The answer is complicated, and it depends on what you’re doing in Greece.
The tax rate in Greece is a complicated issue, and it’s one that I’ve been trying to get to the bottom of for a while. In this post, I’ll lay out the basics of the tax system in Greece, and I’ll also go over some of the tax rates you’ll see on the forms you’ll have to fill out.
The Basics of the Tax System
In Greece, there are two main taxes: income tax and value added tax (VAT).
Income tax is a flat tax, meaning that you pay the same tax rate on every dollar of income you earn. The tax rate is 25%. This means that if you earn $100, you pay 25% of that $100.
VAT is a sales tax. It’s a tax on the value of the goods and services you buy. The tax rate is 23% for most goods and services. This means that if you buy a $100 bottle of wine, you pay 23% of that $100.