There are many variations of passages of psum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don't look even slightly believabAny natural person or legal entity, earning income in Greece, is generally, obliged to submit annual tax income statements and be taxed for such income. The current tax treatment on real estate in Greece is as follows:
A. Individuals
Income received from letting or leasing of immovable property is taxed at a rate of 15% for annual income up to €12.000, 35% on band over €12.000 and 45% on all income over €35.000. However, individuals owing immovable property for business and professional purposes, i.e. those whose scope of business is commercial exploitation, development and investment in real estate, are subject to income tax at a rate of 9% for annual income up to €10.000 22% for annual income up to €20.000, 28% on band over €20.000, 36% on band over €30.000 and 44% on all income over €40.000.
This taxation applies to natural persons who run an individual real estate business in their name, such as owners of tourist premises (hotels, rooms to let etc.) and hold a Special Authorized License for this activity.
B. Legal entities
Corporations in Greece are taxed on their income in Greece and from overseas. Foreign companies in Greece are taxed only on income that is generated in Greece. The Corporate Tax Rate stands at 22% on all business profits. Rents received from real estate are also considered as business profits. A withholding tax, at the standard rate of 5% applies to dividend payments and other profit distributions made by a Greek resident company.
Note: Pursuant to the law, intragroup dividends earned or distributed by Greek companies are totally exempt from tax withholding, provided that: (a) the distributing company or the recipient respectively, is covered by the Parent – Subsidiary Directive 2011/96/EU, is seated in an EU member state and is subject to one of the taxes provided in said Directive, (b) the recipient holds a minimum participation of 10% in the distributing company’s capital, shares, voting rights or profits rights, (c) the aforementioned minimum participation is held for at least twenty-four months. Exemption may apply as well before lapse of minimum required holding period upon providing cash guarantee equal to the amount of tax exemption.le. If you are going to use a passage of Lorem Ipsum, you need to be sure there isn't anything embarrassing hidden in the middle of text.have suffered alteration in some form, by injected humour randomised words which don't look even slightly believable.

Under Law 4446/2016, it is possible for individuals to make short-term lease agreements of their real estate property via digital platforms for a limited period not exceeding one year, provided that the property’s administrator is registered in the Short-Term Property Leases Register, which is kept by the Secretariat of Public Revenues.
Under a Joint Ministerial Decision, restrictions on the short-term lease agreements may be stipulated, such as that each individual can lease up to two (2) properties and that the short-term lease cannot exceed ninety (90) days per property, for each calendar year and sixty (60) days for properties located on an island with a population lower than 10.000 residents. Exception to the rule of the 90-day lease may apply in cases when the total income from all the properties that are leased does not exceed the amount of €12.000 for each tax year.
The leases, in this case, are taxed as per revenue from real estate property according to the abovementioned progressive tax rates (15% – 45%), and are not subject to VAT.
In case that any other services than the lease of a furnished property with bed linen are provided or in case that the lessor runs an undertaking as a tourist professional, rents received are considered as business and professional income and are taxed as such, according to the progressive rate mentioned above (9% – 44%).

Two structures are most commonly used for real estate investments via a legal entity. The one is the direct acquisition of the property, or asset deal, which follows the same procedure as the transaction between individuals. The other is indirect means, by acquiring a controlling stake of the entity owning the property, the share deal. The share deal is more frequently used as it allows quicker and easier change of ownership while providing a quick exit strategy for the buyer when it eventually sells the real estate. In this case there is a capital gain tax (15%) imposed on the difference between the purchase price and the selling price of the shares.
Companies owing real estate for commercial purposes (exploitation, development, investment) can deduct several expenses from their total income, such as ENFIA tax, other operating costs relating to the properties, the amount of the director’s social contributions etc. In addition, an annual depreciation in the value of buildings is calculated and deducted from the total income. All these deductions result in the reduction of the company’s taxable income.
The legal forms most suitable for the ownership vehicles are:
a. Company limited by shares (SA or AE in Greek)
b. Private Company (PC or IKE in Greek)
a. Company limited by shares (AE)
Societe Anonyme, S.A. (Anonymos Etairia in Greek) is a company subject to increased state supervision, incorporated by one or more shareholders and governed by a board of directors, consisting of three (3) members at least (for small entities one representative is also an option). SA company is regulated by Law 4548/2018, as it has been modified and in force. A minimum share capital of €25.000 is required for establishing an SA and may be cash or in kind contribution.
SA is a capital company with legal personality and its property is separated from the one of its owners, i.e. the company is the only one liable for the corporate obligations by its own assets (with exceptions as per public-law debts).
b. Private Company (IKE)
IKE is a recent type of a capital company with legal personality, regulated by Law 4072/2012. No minimum share capital is required for establishing an IKE.
IKE is the only one liable by its assets, for its corporate obligations, excluding the liability undertaken primarily by the partner, with guarantee contributions (and exceptions as per public-law debts). Main characteristic of this type of company is the possibility for the partners to provide and to undertake company shares not only with capital but with other types of contribution as well: the non-capital contributions (e.g. work) and the guarantee contributions, whose value cannot extend beyond 75% of the liability undertaken by the partners against creditors of the company.
IKE is a flexible and easy to be established company type and its originality consists in the utilization of goods other than capital, for example the promise of work and services or the loan guarantee. Through IKE and the statutes and the agreements of the partners, arises the possibility for these non-capital and guarantee contributions to be capitalized and business profit to be created.
IKE can be incorporated by one or more shareholders and is governed by one or more directors. The director, who may be one of the shareholders or a third party, and the sole shareholder of a single-member IKE, are legally obliged to register with the National Social Insurance Fund (EFKA) and are subject to the statutory social insurance contributions, while the registration of other members of IKE is optional.