Greece, from a tax point of view, is more advantageous for French retirees than Portugal. This is the conclusion reached by a relevant report of the newspaper Le Figaro entitled “Greece or Portugal: What is the best tax haven for retirees?”.
The main conclusion is that Greece today appears slightly more attractive than Portugal, which for the past two years abolished the favorable tax regime of zero taxation of pensions from foreign sources by imposing a 10% tax.
Taking advantage of the “regression” of Portugal, the Greek government voted a more favorable system for retirees in July 2020, the newspaper reports, noting that the income earned by foreign retirees outside Greece is taxed at 7%, but also that interest rates in Greece is more favorable.
“In the last two or three years we have noticed a growing interest from French retirees, especially in the Cyclades,” lawyer and tax expert Panagiota Marceau told the newspaper, noting, however, that this is “more about the climate and the quality of life.” “White architecture reminds some of Corsica,” she said.
However, for French retirees, it seems that Portugal still has the lead in their hearts: “The French do not yet know the favorable Greek tax system”, confirms the notary of the Monassier group, Matilda Mauer, emphasizing that Greece, especially the islands, seems to some farther away from Portugal. The Greek islands mean high property prices (up to several million euros), but also distance from family and France, which can cause problems in case of repatriation, according to the newspaper.
Source: ΑΠΕ-ΜΠΕ
Source: Capital
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