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Flat tax 7% on all foreign-source income retiree scheme.

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JohnNicholls

I am looking at retiring in Greece (Peloponnese Region) with my wife in a couple of years and like to see if there are any others now retired in Greece who have done so with the Greek 7% Flat Tax for Pensioners?

Have a few questions for anyone who has gone through the process.


Cheers,  ...John

pchristeas

@JohnNicholls


Hi guys, I would also be interested in this matter !


Best


P

matoureveur

I am interested as well to the reply

Thanks for your answer

Matoureveur

JohnNicholls

Google: What is the 7% tax in Greece?


Here is one result (there many others offering to be the "processing organisation" . I would certainly not attempt to do it myself knowing the Greek bureaucracy. Some charge a lot more than others, so worth shopping around.


(iv)%20the

JohnNicholls

@JohnNicholls


the link did not come through but here is a good explanation of different schemes around from KPMG:

ipolishchuk

Wow, they only want 10K Euro to apply. Perhaps, better try a Greek lawyer? This for example:



It is not a recommendation, I did not talk to them.

ipolishchuk

It says [link under review], hopefully, it will appear, it is for a good article.

Or, you may just google "laura convertini"

JohnNicholls


A friend sent me some good links. Passing it on, hope it helps others :-)



For those without EU residency:


For those interested in Medical insurance: [link moderated]


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Fine Athenian Estates

Hi John, I retired under the 7% tax regime 1 1/2 years ago; what can I help you with? Regards, Marcelo

JohnNicholls

@Fine Athenian Estates


Hi Marcelo, Thank you for responding to my inquiry. It is much appreciated. I am finding it very difficult to find anyone (you are the only one so far) who has taken this 7% Flat Tax option.


You stated in another post: "...you do actually need pension (social security) income.". This is my primary concern.

We are eligible for Australian pension/social but we have been away from Australia for over 23 years.

We would need to reside in Australian for two years in order to be able to claim our Australian Pension and social sec benefits. This we do not want to do as it would make us endure living costs of in excess of 130,000 euro (Australia is a very expensive country to live in), plus two wasted years …which we would prefer to spend in Greece.


We will be self-funded retirees on a Australian Superannuation (a compulsory system of placing a percentage of your income into a fund to support your financial needs in retirement).

There lies our conundrum, super is a private and not a government pension fund system, so I am trying to find out how we can get around that stumbling block.


So far I have not found any accountants or other person in Greece that may help in this regard.

Still looking! So if you, or you know of an English speaking accountant/lawyer that has experience in this area, I am all ears!

Cheers, John. 

JohnNicholls

@pchristeas

Will post here when I have clarity on my question :-)

JohnNicholls

@matoureveur

Will post here when I have clarity on my question :-)

JohnNicholls

@ipolishchuk

Have contacted her. Will post here when I have clarity on my question :-)

JohnNicholls

@ipolishchuk

Yes, 10K is ridiculous.

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