Greece

Greece's Rankings
CategoryRankScore
Overall Rank2957.47
Corporate Taxes2256.65
Individual Taxes1073.88
Consumption Taxes3256.79
Property Taxes2945.8
Crossborder Taxes2572.2

Greece ranks 29th overall on the 2021 International Tax Competitiveness Index, the same as in 2020.


Strengths

  • The net personal tax rate of 5 percent on dividends is significantly below the OECD average of 24.1 percent.
  • Labor tax complexity is below the OECD average.
  • Controlled Foreign Corporation rules in Greece are modest and only apply to passive income.

Weaknesses

  • Companies are severely limited in the amount of net operating losses they can use to offset future profits, and companies cannot use losses to reduce past taxable income.
  • Greece has a relatively narrow tax treaty network (57 treaties compared to an OECD average of 75 treaties).
  • At 24 percent, Greece has one of the highest VAT rates in the OECD on one of the narrowest bases.

Learn more about the tax system in Greece

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