Greece

Greece's Rankings
CategoryRankScore
Overall Rank3052.92
Corporate Taxes2947.61
Individual Taxes1870.46
Consumption Taxes3158.53
Property Taxes2850.89
International Tax Rules2665.25

Greece ranks 30th overall on the 2019 International Tax Competitiveness Index, one place better than in 2018.


Strengths

  • The personal tax rate of 15 percent on dividends is below the OECD average of 23.8 percent.
  • Labor tax complexity is below the OECD average.
  • Controlled Foreign Corporation rules in Greece are modest and only apply to passive income.

Weaknesses

  • Greece has an above-average corporate tax rate of 28 percent (OECD average is 23.6 percent).
  • Companies are severely limited in the amount of net operating losses they can use to offset future profits, and companies cannot use losses to reduce past taxable income.
  • At 24 percent, Greece has one of the highest VAT rates in the OECD on one of the narrowest bases.

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