Country：希腊 · Tax, Finance & Audit
Greece · Tax, Finance & Audit
Greece's standard corporate income tax (CIT) is 22% (raised from 20% by Law 5222/2025 in 2025); standard VAT is 24%, with reduced rates of 13% and 6%. Dividend withholding is 5%, interest 15%, royalties 20% (treaties usually reduce to 5-10%). Transfer pricing follows OECD principles; documentation is required for related-party transactions above €100,000 per year. The myDATA platform mandates real-time e-invoicing reporting. Greece falls within the EU Pillar Two (global minimum tax); large groups must file country-by-country reports.
Key points
- CIT 22% (raised from 20% by Law 5222/2025 in July 2025).
- VAT standard 24%; food and hospitality 13%; pharmaceuticals and books 6%; registration required for annual turnover above €10,000.
- Withholding: dividends 5%, interest 15%, royalties 20% (treaty benefits reduce to 5-10%).
- Transfer pricing: OECD standards, documentation required for related-party transactions above €100,000 (AADE Circular POL.1144/2016).
- myDATA mandates e-invoicing and real-time reporting; failure triggers audits.
- R&D expenses deduct at 130% (Law 5222/2025).
- EU ATAD Pillar Two: groups with consolidated revenue ≥ €750M must top up to 15%.
Procedure
- Obtain the tax number (AFM) and VAT registration.
- Monthly VAT and myDATA filings.
- Annual corporate tax filing (E3) and financial statements (GEMI+AADE).
- Large groups file transfer pricing documentation and CbCR.
Hard requirements
- Local certified accountant (mandatory for foreign companies); myDATA system; transfer pricing (TP) documentation.
Costs
Late VAT filing fines €100-500/month; missing TP documentation fines €5,000-20,000/year.⏱ ⏱ Timeline：Monthly VAT; annual CIT (April-June).⚠ Common risks
- myDATA non-filing or inaccurate filing triggers tax audits.
- TP adjustments and GAAR apply.
- Pillar Two top-up obligations (large multinational groups).
Handbook
📘 Step-by-Step Handbook (with owner / timeline / cost / penalties)
Applies to：All enterprises operating in Greece (IKE/EPE/AE and branches), including Chinese subsidiaries, subject to CIT, VAT, myDATA, transfer pricing and Pillar Two obligations.
Prerequisites
- AFM obtained and VAT registration completed (if taxable)
- Local certified accountant (mandatory for foreign companies)
- myDATA system connected (e-invoicing/real-time reporting)
- TP documentation prepared if related-party transactions above threshold
| Step | Action | Owner | Timeline | Cost | Official form / system | Notes & penalties |
|---|---|---|---|---|---|---|
| 1 | Obtain AFM tax number and VAT registration VAT registration required for annual turnover above €10,000; cross-border EU transactions involve VIES | AADE | At incorporation/within days | None | Tax registration | AFM auto-issued by e-YMS at incorporation Penalty：Failure to register when required is penalized |
| 2 | Connect myDATA e-invoicing/real-time reporting Connect invoicing/accounting systems to myDATA and report invoices and transaction data in real time | Accountant/software | 1-2 weeks | Software/services | myDATA platform | Mandatory e-invoicing platform Penalty：Non-filing or inaccurate filing triggers audits |
| 3 | Monthly VAT filing and payment Summarize taxable and deductible VAT monthly and file/pay | Accountant | Next month | Services | VAT filing | Standard 24%, reduced 13% or 6% Penalty：Late filing fines €100-500/month (per rules) |
| 4 | Annual corporate tax filing (E3) and financial statement submission (GEMI and AADE) Prepare financial statements and file with both GEMI and AADE; corporate income tax at 22% (Law 5222/2025) | Accountant | Within 6 months after fiscal year-end | Audit and filing | E3 forms etc. | From 2026, the two systems are linked and automatically cross-checked Penalty：Late fines |
| 5 | Transfer pricing documentation and CbCR Prepare OECD-standard TP documentation for annual related-party transactions above €100,000; large groups file CbCR | Tax advisor | Annual | Advisory | TP documentation and CbCR | Follow OECD and AADE compliance standards Penalty：Missing documentation fines (per rules) |
| 6 | Pillar Two compliance (groups with consolidated revenue ≥ €750M) Assess global minimum tax (15%) obligations; prepare sufficient-tax and filing compliance | Group tax | Annual | Advisory | CbCR and top-up tax | EU ATAD Pillar Two applies where in scope Penalty：Top-up required if non-compliant |
| 7 | R&D and other tax incentive applications (if applicable) Assess and file for incentives such as the 130% R&D super-deduction (Law 5222/2025) | Accountant | Filing period | Services | Incentive filing | Retain R&D supporting materials Penalty：Improper incentive use triggers tax recovery |
✅ Self-check list
⚠ Common pitfalls
myDATA non-filing or inaccurate影响：Tax audits and fines规避：Report everything in real time; systems integrated
Missing TP documentation影响：Adjustments, back taxes and fines规避：Prepare documents when related-party transactions exceed threshold (OECD standards)
Pillar Two missed (large multinationals)影响：Top-up tax and penalties规避：Assess group revenue threshold and prepare CbCR
Withholding not deducted per rules影响：Back taxes and interest规避：Withhold accurately per treaty benefits
Misbelieving CIT is still 20%影响：Raised to 22% since July 2025 (Law 5222/2025)规避：Accrue at 22%
Financial statements not published (GEMI linked)影响：Automatic fines from 2026规避：File GEMI and AADE in sync
📅 Ongoing post-incorporation obligations
- Monthly VAT and myDATA continuous filings
- Annual CIT (E3) and financial statement publication
- TP documentation and CbCR (if applicable)
- Pillar Two top-up tax (large groups)
- Maintain local certified accountant
- Cross-border withholding compliance
🔗 Official portals
📎 Source：Greek Independent Authority for Public Revenue (AADE); Law 5222/2025; OECD Transfer Pricing Guidelines; EU ATAD
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