Helping U.S. Citizens Living in Greece
Tax Services For Expats
Are you a U.S. citizen living abroad? If YES, you are REQUIRED to file a US tax return reporting your worldwide income by June 15th.
This woman owned business started twenty years ago.. one client at a time…and has grown to help thousands.
Tax Services For Americans Living In Greece
Tax planning and preparation services for small businesses and individuals. Let our experienced CPAs and EAs take care of all your tax needs, from individual filings to comprehensive business returns. We provide a seamless, stress-free tax experience.
Individual Tax Returns
U.S. citizens living abroad have the same tax filing requirements as those residing in the US. Federal. State and City rules apply…we are there to guide you through the process, as it applies to your unique situation.
Business Tax Returns
Over the years, we have helped hundreds of small business clients. Whether located domestically or abroad, tax filings are mandatory. Calculating taxable business income is not an easy chore and requires understanding US and foreign tax rules…you can depend upon us to calculate the correct US bottom line and the tax that applies.
FBARS & Form 8938
Have you accumulated more than $10,000 in foreign banks or financial institutions? If so, we want to make you aware of the FBAR guidelines to ensure you file a complete return…on time, every time.
Expatriates in Greece
Working Abroad in Greece as an American Citizen
Greece is a top-tier destination for U.S. expats, offering a stunning Mediterranean lifestyle, world-renowned history, and a warm climate. Whether you are working remotely from Athens, running a business in Thessaloniki, or enjoying retirement on the islands, Greece has introduced modern incentives like the Digital Nomad Visa and specific tax breaks for foreign retirees. While the lifestyle is relaxed, the tax relationship between the U.S. and Greece requires careful navigation to ensure full compliance.
Challenges for Expats in Greece
The U.S.-Greece Tax Treaty
Unlike many other Mediterranean countries, the U.S. and Greece have a long-standing Income Tax Treaty. This treaty is vital for expats because it provides specific rules on which country has the primary right to tax various types of income, helping you avoid double taxation on dividends, interest, and royalties.
High Personal Income Tax Rates
Greece has a progressive tax system with rates that can reach 44%. However, Greece also offers a 7% flat tax rate for 15 years for foreign pensioners who move their tax residence to Greece. We can help you determine if you qualify for these incentives while staying compliant with the IRS.
Reporting Requirements (FBAR & FATCA)
If you hold accounts with Greek banks like Piraeus or Alpha Bank, you must remain vigilant. If your total foreign holdings exceed $10,000 at any time, an FBAR (FinCEN Form 114) is required. Additionally, Greek financial institutions comply with FATCA, meaning they report account data for U.S. citizens directly to the U.S. Treasury.
Social Security and the Totalization Agreement
The U.S. and Greece have a Totalization Agreement. This is a major benefit for expats, as it prevents “double” Social Security taxation. It ensures that you only contribute to one system at a time and helps protect your benefit eligibility in both countries.
Our Services for Expats in Greece
At Expatriate Tax Returns, we specialize in the specific nuances of the U.S.-Greece tax relationship:
- Tax Treaty Optimization: Applying treaty benefits to reduce your Greek and U.S. tax liability.
- Digital Nomad Tax Support: Helping remote workers navigate Greek tax residency and U.S. exclusions.
- FBAR & FATCA Compliance: Ensuring your Greek bank accounts and assets are reported correctly.
- Social Security Coordination: Using the Totalization Agreement to your advantage.
EASY AS 1, 2, 3
You have questions? We have the answers! Contact us and complete our client census. You will get a response within 24 hours. Our team is never intimidated by a challenge. We provide answers, while others ask questions.
Click on Start Now
Expatriate Tax Returns understands the importance of filing your taxes quickly and correctly. You complete our organizer, so we know what questions to ask.
Submit Your Info
Collect “What We Need” from the template you will receive from the Expatriate Tax Return advisor.
Begin Filing Process
We will assign a preparer to begin your tax return filing process. Help you file the right returns, using the right forms, and providing all of the right information.
Individual & Business Expatriate Tax Returns
We can quickly walk you through the expat tax return preparation process, ensuring you get filed on time, in no time. As friendly professionals with over a decade of experience, we make expat tax return preparation easy. Furthermore, no matter your needs, we have the answers to your tax questions from expatriate tax return planning to preparation. Contact us today.
Need to file your Expat taxes?
Expatriate income tax planning and preparation, offering tailored solutions for late filers, small businesses, and partnerships.
Expert CPAs and EAs
Why Choose Us
U.S. PROFESSIONALS HELPING U.S. CITIZENS ABROAD
We are available 24/7 to answer your tax filing questions.
EASY TAX RETURN FILING
Easy as 1, 2, 3! File your taxes in 3 simple steps.
ARE YOU A U.S. CITIZEN LIVING ABROAD?
If YES, you are REQUIRED to file a tax return reporting your worldwide income by June 15th.
Get Free Copy of Expat Tax Guide “A” to “Z”
Get the essential American Expat Tax “A” to “Z” guide that covers all the details of expatriate taxes. Understand everything you need to know about navigating the complexities of expat tax obligations with this comprehensive resource.
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US Expat Taxes in Greece: Frequently Asked Questions
Yes. As a U.S. citizen, you must report your worldwide income to the IRS. However, you can often use the Foreign Tax Credit (FTC) to offset your U.S. tax bill by the amount of tax you’ve already paid to the Greek Independent Authority for Public Revenue (AADE).
Greece offers a 15-year incentive where foreign-sourced income is taxed at a flat 7% rate. While this is great for your Greek tax bill, you still must report this income to the U.S. Our team can help you balance this incentive with your U.S. tax obligations.
The Greek tax year follows the calendar year. Returns are typically due between May and July, depending on the annual extension granted by the government. Remember, your U.S. return is due June 15th (for expats), so timing is critical.
Yes, if you meet the residency requirements, you can use the Foreign Earned Income Exclusion (FEIE) to exclude a significant portion of your Greek wages from U.S. taxation.
