Special topics Archives - Iason Skouzos - TaxLaw

Digital Nomad Visa vs. 5C Tax Regime

Angeliki Spyridon — Thu, 28 May 2026 09:29:43 +0000

Interaction Between a Tax Incentive and an Immigration Route in Greece Greece has emerged as an attractive destination for internationally mobile professionals, offering both immigration pathways for remote workers and favourable tax incentives for new tax residents. Among the most discussed frameworks are the Digital Nomad Visa and the 5C tax regime. Although both regimes target individuals relocating to Greece, they are designed for fundamentally different categories of taxpayers and professionals. Their interaction may create practical and legal conflicts that should be carefully assessed before relocation. The Digital Nomad Visa (Residence Permit “Z.1”) The Greek Digital Nomad framework applies...

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Tax Treatment in Greece of Directors’ Fees Received from a Lithuanian Company

Angeliki Spyridon — Thu, 28 May 2026 09:07:47 +0000

Directors’ fees received by a Greek tax resident from participation on the board of directors of a Lithuanian company raise important cross-border tax considerations, both under the Double Tax Treaty (“DTT”) between Greece and Lithuania and under Greek domestic tax law. The analysis below assumes that the remuneration constitutes directors’ fees paid in consideration for duties performed in the capacity of a board member of the Lithuanian company, and that such remuneration does not relate to employment services or dividend distributions. Double Tax Treaty Between Greece and Lithuania The taxation of directors’ fees is governed by Article 16 of the...

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Criteria for Selecting Employees for Layoff for Economic and Operational Reasons

Niki Plyta — Wed, 29 Apr 2026 10:24:02 +0000

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Taxation of withdrawals made by a Greek tax resident from a Self-Invested Personal Pension (SIPP) in the United Kingdom

Angeliki Spyridon — Tue, 07 Apr 2026 12:03:37 +0000

According to Articles 12(1) and (3), 14(1) and 15(4a) and (4b) of the Greek Income Tax Code: Gross income from employment and pensions includes all types of income in cash or in kind acquired in the context of an existing, past or future employment relationship. The following are considered gross income from pensions: pensions granted by the main and supplementary compulsory insurance institutions, as well as by professional funds established by law, and insurance paid as a lump sum or in the form of periodic benefits under group pension insurance contracts any other benefit received in respect of a past...

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Inheritance – Taxation of assets belonging to Greek citizens located in Greece and the United States

Angeliki Spyridon — Mon, 30 Mar 2026 13:48:39 +0000

According to Article 3 of the Code of Provisions on Inheritance Tax, Gifts, Parental Benefits and Winnings from Games of Chance (Law 2961/2001 – hereinafter referred to as the “Code”), inheritance tax in Greece is levied on: Any property of any kind located in Greece, whether owned by Greek nationals or foreigners. Tangible or intangible movable property located abroad belonging to Greek nationals residing anywhere, as well as to foreign nationals residing in Greece. With regard to the Convention between Greece and the USA (Legislative Decree 2734/1953, Government Gazette A’ 329/12.11.1953 – hereinafter “DTT”) for the avoidance of double...

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Taxation of director’s remuneration received by a Greek tax resident from the United Kingdom

Angeliki Spyridon — Mon, 30 Mar 2026 13:24:04 +0000

According to Articles 3, 5 and 15 of the Income Tax Code, natural persons who are tax residents in Greece are subject to tax on their taxable income derived from both Greece and abroad, i.e. on their worldwide income earned in a tax year. Income arising abroad is defined as any income that does not arise in Greece. Income from employment is considered to be of Greek origin when it is earned in Greece and of foreign origin when it is earned abroad. Income from employment is taxed in Greece according to the following scale: ...

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Taxation of dividends received by a Greek tax resident from the United Kingdom

Angeliki Spyridon — Mon, 30 Mar 2026 13:15:16 +0000

According to the general rules of Greek law, based on Articles 9, 36 and 40 of the Income Tax Code: If, during the tax year, a taxpayer – natural person who is a tax resident in Greece – earns income abroad, the income tax payable by that taxpayer in respect of that income is reduced by the amount of tax paid abroad on that income. The payment of the tax abroad is proven by the relevant supporting documents. The reduction in income tax provided for may not exceed the amount of tax corresponding to this income in Greece. The term...

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Heirs’ Legalization in Greek Banks: Required Supporting Documents

Niki Plyta — Fri, 06 Feb 2026 10:56:58 +0000

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Insights – Tax issues faced by foreign persons investing in Greek commercial real estate Vol. 12 No. 5/ 2025

Angeliki Spyridon — Fri, 30 Jan 2026 13:15:03 +0000

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Certificate of registration for EU citizens residing in Greece

Niki Plyta — Wed, 28 Jan 2026 13:05:13 +0000

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