7% tax on social security benefits of 3rd country nationals in Greece

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7% tax on social security benefits of 3rd country nationals in GreeceA draft bill for those that declare Greece as their tax base

A new draft bill foresees a 7-percent flat tax for third country pensioners' social security income, who officially declare Greece as their tax base, naftemporiki.gr reports.

The proposed draft bill foresees that foreign nationals with income from social security benefits allocated by a third country may transfer their tax base to Greece. One condition is that the foreign national not have been declared as a taxpayer in Greece for the past five of six years.

Another condition is that the country paying the pension benefits has a bilateral taxation exchange deal with Greece.

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