CAPI TAL HUB GREECE
Global Greek couples in different countries set to gain from tax change
F 70
ollowing the decision of the Greek court, it is now possible for spouses to submit separate individual annual tax returns depending on their tax residency.
This decision comes as a solution to
the problem of married couples who live separately due to various reasons, such as when one of them lives abroad because of professional engagements. Until now, it was mandatory for
the couple to submit one tax return, typically in Greece, and to report the family’s global income. If one member of the family was living in Greece, it made it mandatory for both to submit a tax return in Greece, as having a family member there was consider to mean having a vital interest in the country. In order for a married person to
transfer the personal tax residency abroad, he or she has to present to the tax authorities documents concerning the relocation until the 10th of the March of the year following the one during which the relocation took place.
CAMPDENFB.COM Such documents include, among others, the
proof of a bank account, employer’s certificate, rent or purchase agreement for a home, as well as tax identification numbers (TIN) or value added tax (VAT) in the foreign country. Once the documents are submitted, the tax authority is obliged to respond within two months. If the response is affirmative, the individual’s tax file is transferred to the relevant tax authority for residents abroad. In cases when the decision is negative, the individual has the right to appeal to the Administrative Court of Greece. We advise individuals with tax residency abroad
to examine the new opportunity and take the necessary steps to ensure compliance. Eurofast’s Athens office is at your disposal and is ready to provide assistance in regards to this matter.
Spouses are allowed to submit separate individual annual tax returns depending on their tax residency.
For more information, feel free to contact: Kostas Sakkas Tax Accountant T. +30 210 8257720
kostas.sakkas@
eurofast.eu
Maria Sarantopoulou Tax and Legal Advisor T. +30 210 8257720
maria.sarantopoulou@
eurofast.eu
In order for a married person to transfer the personal tax
residency abroad, he or she has to present to the tax authorities documents concerning the relocation.
Content provided by Eurofast
ISSUE 73 | 2018
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