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Wednesday, 22 July 2020 13:58

GREECE INVITES RETIREES OFFERING LOW FLAT TAX RATE OF 7%

Greece wants to become the place where you grow old. The Greek government plans to tempt foreign retirees to relocate to the country by offering them a flat tax rate, according to a draft law. Pensioners moving their tax residence to Greece would pay a flat rate of 7% on all sources of income, including rents, dividends and pensions. Retirees have to spend at least six months per year in Greece and their countries need to have a double taxation treaty with Athens to qualify for the scheme.

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