The deadline of year 2020 application submissions for inclusion as early as from year 2020 onwards under Greece’s new non-dom tax residency regime (which consists in a lump sum annual tax of Euro 100,000 and a Euro 500,000 investment in Greece, which must be implemented within 3 years and has the benefit of no reporting obligation and taxation of offshore income items) has been exceptionally extended to June 12, 2020. The deadline for 2021 or subsequent year applications remains March 31 of the same year.
Specifically, this year’s applications can be exceptionally filed by June 12, 2020, as opposed to the general deadline of March 31, and still have effect from the same year. This follows an extension provided by the tax authorities, due to the coronavirus restrictions. Pursuant to the relevant circular of the tax administration, what an applicant needs to do, is to send by June 12, 2020 an email to the relevant tax office in Greece (i.e. tax office of foreign residents – doy katoikon exoterikou) with a scanned statement signed by him and stating that the conditions for inclusion in this regime are fulfilled and that due to COVID 19 restrictions currently in place for the state agencies in the country of the applicant’s origin any supporting document required shall be filed by November 30, 2020. Basically, if the applicant has not been tax resident of Greece before and does not have already a Greek tax registration number, the only thing that he must file subsequently to this email, is the original statement mentioned above, which must be verified for its authenticity by a notary and apostilled. If, on the other hand, the applicant has a Greek tax registration number already or in case it does not derive from the Greek tax authorities records that he had not been foreign tax resident during 7 out of the last 8 years, he will have to provide by November 30, tax residence certificates for the respective years, issued by the relevant foreign tax residence authority.
Furthermore, if the applicant wishes that this regime be extended from year one to other members of his family (which has the benefits of: (i) them being excluded from taxation for any foreign income which they earn as well as (ii) their exemption from donation and inheritance tax of any foreign asset transfers made to them and which is made available for an additional lump sum tax amount of Euro 20,000 for every family member which the applicant wishes to include) , he will have to state so in his email and file the relevant kinship certificate by Nov 30, 2020.
If this email is sent after June 12, 2020, it will be considered for 2021 (as first year of the applicant’s inclusion in this regime) and the relevant lump sum tax will have to be paid next year.
For emails sent by June 12, 2020, approval by the tax office must be communicated by June 30, 2020 and payment of the lump sum tax for the first year (2020) must be made by July 30, 2020. Any Greek source income generated in 2020 must be reported by June 30, 2021, with no reporting obligation for the offshore income.