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

Historic ties remembered as Greece’s Evzones march in Adelaide’s ANZAC Day parade

During a Dawn Service at West Torrens on Friday, April 25, the Evzones stood guard alongside Australian army battalion in remembrance.

Greek glamour meets Aussie pop: Inside the colourful universe of Stavroula Adameitis

Adelaide-born designer Stavroula Adameitis is a creator of bespoke pieces that she describes as ā€˜wearable art.’

Melbourne seminar to focus on the odyssey of Michel ‘Pablo’ Raptis

Michel PabloĀ was a twentieth century revolutionary whose life and ideas remain relevant and inspirational until today.

Lawyer Greg Masselos warns NSW workers’ comp changes could devastate frontline workers

Greg Masselos has warned that proposed changes by the NSW government to raise the threshold for claims could have devastating consequences.

Niki Louca shares how to make Focaccia Bread

Niki Louca fromĀ My Greek KitchenĀ shares her favourite recipe for pita bread withĀ The Greek Herald.Ā You can follow her on Instagram.

You May Also Like

Sydney Olympic FC rises to third place in NPL standings after football rivals penalised

Sydney Olympic FC has risen to third place in the NPL league standings after their football rivals were penalised.

Israel and Hamas agree to ceasefire deal

US President Joe Biden has confirmed that Israel and Hamas have agreed to a ceasefire deal, following months of negotiations.

The 29th Greek Film Festival of Sydney announces its full program for 2024

The 29th Greek Film Festival of Sydney has announced its complete line up of quality Greek films for 2024.