Accountancy in Greece

>> Withholding Taxes in Greece

Interest

The withholding tax on interest is 15%, subject to bilateral treaty reduced rates. There is a withholding tax exemption and domestic companies will not withhold any tax on interest they pay to related entities (holding for 2 years at least 25% of the capital of the domestic company) of other EU member countries.

Royalties

The withholding tax rate on royalties is 20%, subject to certain exemptions (e.g. no withholding tax applies if royalties are paid to Greek entities or to non-Greek tax residents with no Greek PE) and bilateral treaty reduced rates. There is also a withholding tax exemption and domestic companies will not withhold any tax on royalties they pay to related entities (holding for 2 years at least 25% of the capital of the domestic company) of other EU member countries.

Dividends

The withholding tax on dividends is 15%, subject to the reduced rates provided by the relevant bilateral treaties. There is a withholding tax exemption and domestic companies do not withhold taxes on the dividends they distribute to entities of other EU member countries, provided that there is a holding by the EU company for 2 years of at least 10% of the capital of the domestic company.


Latest version updated 31st October 2017

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