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

greek film festival melbourne

Advertisement

Share:

KEEP UP TO DATE WITH TGH

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

Advertisement

Latest News

ā€˜Keystone criminal’ Aristides Avlonitis jailed over botched WA cocaine plot

Aristides Avlonitis has been sentenced to over nine years in prison for his role in an attempt to import over 229 kgs of cocaine into WA.

Greek Parliament passes ban on protests at Tomb of the Unknown Soldier

Greece’s Parliament on Wednesday approved a contentious amendment banning demonstrations in front of the Tomb of the Unknown Soldier.

From Athens to Adelaide: Hellenic bonds strengthened at dinner for Loverdos

South Australia’s Greek community gathered at the Mortlock Chamber to honour visiting Deputy Minister Ioannis Loverdos.

Hellenic Lyceum of Sydney pays tribute to women of courage and resistance

The Hellenic Lyceum of Sydney hosted a deeply moving and meticulously researched presentation titled Greek Heroines of WWII.

Anemones in full bloom, 25 years of Greek dance and giving

The hall was brimming with warmth, laughter, dance, and homemade food; unmistakable signs you’d stepped into an Anemones celebration.

You May Also Like

Nazi German troops enter Athens, Greece in 1941

On this day in 1941, Nazi Germany invaded Greece after a complicated timeline of escalating tensions between Mussolini and the Hellenes.

Winners announced for the 6th Greek Public Speaking Festival

The Modern Greek Teachers’ Association of Victoria (MGTAV) has announced the winners of the 6th Greek Public Speaking Festival.

Greek Easter: Holy celebration of life over death around Greece

Greek Easter (Pascha) heralds the arrival of spring, hope and the atmosphere around Greece is replete with joy, community and festivity.