Non-residents
are taxable only on their income from Greek sources
at the same graduated tax rates applicable to residents.
However, nonresidents are not entitled to any of the
deductions and allowances that may be claimed by residents,
unless they are EU residents who earn 90% of their income
in Greece.
No withholding
tax applies to interest paid on foreign-currency bank
deposits to nonresidents; however, as from 1st July
2005, the EU's Savings Tax Directive came into operation,
so that interest payments to EU nationals are reported
to their home tax authorities.
Double taxation treaties cover the taxation of the local
income of expatriates working in Greece. In order to
qualify for treaty treatment, the expatriate must be
a permanent resident of a treaty country and must not
remain in Greece for more than 183 days during any taxable
year; or the expatriate must be employed by or render
his services to an individual or legal entity of the
treaty country where he maintains his permanent residency.
Particular treaties may contain other conditions.
Under the treaties, income tax paid in Greece is credited
to the income tax due by the taxpayer in the country
of which he is a citizen.
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