Foreign pension taxation

pensionRetire in Greece with a Favorable 7% Tax Rate on Foreign Pension Income
Since September 2020, Greece offers an attractive tax incentive for pensioners who decide to transfer their tax residence to Greece. This program allows eligible retirees to benefit from a flat 7% tax rate on foreign pension income for up to 15 years, regardless of the total amount of their annual pension.
Who Can Benefit?
This program is designed for retirees who:
  • Receive a pension from abroad
  • Move their tax residence to Greece
  • Have not been tax residents of Greece for at least 5 of the last 6 years
  • Come from a country that has a tax cooperation agreement with Greece (including EU countries, the USA, and many others)
What Income Is Covered?
The 7% tax rate applies only to pension income received from abroad.
Income earned inside Greece — such as rental income, business income, or local investments — is taxed according to the standard Greek tax rules.
Key Advantages
  • Low flat tax rate: Only 7% on foreign pension income
  • Long-term benefit: Valid for up to 15 consecutive years
  • Financial predictability: No progressive tax brackets on foreign pension income
  • High quality of life: Enjoy Greece’s climate, lifestyle, and healthcare system
Important Notes
  • The scheme is mainly intended for private-sector pensioners.
  • Public-sector pensions from foreign governments may be subject to different tax rules depending on international agreements.
  • Applications must be submitted within the official deadlines set by the Greek tax authorities.
Why Greece?
Greece combines a warm Mediterranean climate, rich culture, beautiful landscapes, and a welcoming lifestyle with one of the most competitive retirement tax regimes in Europe. For many retirees, it offers the perfect balance between financial efficiency and quality of life.
This program makes Greece an ideal destination for pensioners looking to reduce their tax burden while enjoying a relaxed and vibrant European lifestyle.