Greece becomes latest European country to entice digital nomads with new tax law

Ā·

On Wednesday (2 December) Greece’s parliament passed a new law allowing digital nomads to half their income tax. This makes Greece the latest European country to try and woo the new work-from-home workforce, Forbes reports.

ā€œIf you can work from anywhere, why not work from Greece?ā€ asks a promotional document seen by Greece’s parliament this week. Amid dreamy images of whitewashed farmhouses and deep-blue seascapes, it sets out a new law that allows newly settled foreigners to pay half their income tax over the next seven years.

From January 2021, the scheme will be open to both employed and self-employed workers as long as they have not previously been a tax resident of Greece, or replace an existing job in the country.

Ā© Louisa Gouliamaki/AFP via Getty

Kyriakos Mitsotakis’s government hopes the tax break will attract the newly empowered ā€˜work-from-anywhere’ digital nomad, which Alex Patelis, chief economic advisor to the prime minister, describes as ā€œthe person who’s three months in Thailand, two months in Jamaica, and so on. We want them to be two months in Greece, and why not?ā€

A tender for rolling out 5G closes in Greece this month, and coverage is expected to be in major towns and cities in early 2021.

ā€œThis place is a paradise especially if you make good money,ā€ says Taki Despo from his new home in Athens. He moved from New York after his firm, the design retailer Moro.com, allowed him to do his job as market relations director remotely.

“Covid didn’t really do much it just gave me a little courage to make this move.”

Kate Silcox, originally from the U.K. but now working as a photo editor for GQ Dubai from Athens, has spent a decade working remotely from various countries but thinks she will now stay in Greece if she can save on taxes. ā€œIt would encourage me to be fully committed and settle down there for longer in Greece.ā€

Greece is hoping that tax perks will make more expats like Kate stay.

Sourced By: Forbes

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

30 years of the Greek Film Festival: From humble beginnings to national success

Celebrating 30 years of the Greek Film Festival, Chair Nia Karteris reflects on its journey from humble beginnings to a national milestone.

St George Basketball celebrates historic Senior Presentation Night

St George Basketball Association marked a major milestone with its Senior Presentation Night, held for the first time as a stand-alone event.

ā€˜Anoixi’ taverna night unites Greek youth in celebration of culture and community

GO Youth NSW hosted a successful taverna night on Saturday, 27 September, as the Greek Australian community came together for Anoixi.

Hellenic Lyceum of Sydney to honour unsung Greek heroines of WWII

The Hellenic Lyceum of Sydney will host a special commemoration this month, shining a light on the Greek heroines of the Resistance.

Meet us in Greece: Is the hassle worth planning a Greek destination wedding?

From the moment we got engaged, we’ve been planning our Greek summer wedding. Getting married overseas can sound like a logistical headache.

You May Also Like

ATO takes control of bankruptcy bid as administrators move on Adgemis’ pub empire

The Australian Taxation Office has taken over bankruptcy proceedings against Sydney pub baron Jon Adgemis, who allegedly owes more than $1.8b

Giving voice to the voiceless: The vision and legacy of Varvara Athanasiou-Ioannou AM

In a moment of well-deserved recognition, The Greek Herald named Varvara Athanasiou-Ioannou AM as the 2025 Woman of the Year.

In memoriam of Elizabeth Jeffreys: A leading scholar in Byzantine and Greek studies

Professor Elizabeth Jeffreys died suddenly after a debilitating stroke early on the morning of September 12.