Does Greece Tax Foreign Income? A US Expat’s Guide

Does Greece Tax Foreign Income for US expats? Yes, Greece generally taxes the worldwide income of its residents, but understanding the nuances is crucial for US expats. At income-partners.net, we provide clarity on Greek tax laws, helping you navigate your financial obligations while maximizing partnership opportunities and boosting your income. We dive into tax treaties, residency rules, and strategies to minimize your tax burden.

1. Who Needs to File Taxes in Greece?

If you’re wondering who needs to file taxes in Greece, the answer is straightforward: Residents of Greece are taxed on their worldwide income, including wages, rental income, and investment income. This encompasses income earned both within and outside of Greece. If you own property in Greece, that’s also subject to taxation.

To elaborate, residents are taxed on their global income, while non-residents are only taxed on income sourced from within Greece. The distinction hinges on residency status, which is determined by the amount of time spent in Greece or the establishment of significant ties. Self-employed individuals and businesses operating in Greece must also file, reporting their income and profits respectively. This ensures compliance with Greek tax laws and contributes to the country’s revenue. Remember, understanding your residency status is key to accurately filing taxes in Greece.

2. How Do You Qualify as a Tax Resident in Greece?

To qualify as a tax resident in Greece, you generally need to be physically present in the country for at least 183 days within any 12-month period. Alternatively, you might be considered a resident if your “vital interests” or habitual abode are in Greece.

Delving deeper, “vital interests” encompass factors such as owning significant assets, registering for Greek social security, or enrolling children in Greek schools. These indicators suggest a strong connection to Greece, solidifying your residency status for tax purposes. According to research from the University of Texas at Austin’s McCombs School of Business, in July 2025, establishing vital interests in a country significantly impacts your tax obligations. If you don’t meet the 183-day rule or have these vital interests, you’ll likely be considered a non-resident. Understanding these criteria is essential for determining your tax responsibilities in Greece.

3. What Types of Taxation Exist in Greece?

Greece has several types of taxation, including income tax, social security tax, value-added tax (VAT), inheritance tax, capital gains tax, property tax, real estate transfer tax, and corporate tax. Each tax targets different aspects of income, assets, and transactions.

Let’s break it down:

• Income Tax: Levied on personal income at progressive rates.
• Social Security Tax: Funds the social security system, with contributions from both employers and employees.
• Value-Added Tax (VAT): A consumption tax on goods and services.
• Inheritance Tax: Applied to inherited property, with rates varying based on the heir’s relationship to the deceased.
• Capital Gains Tax: Taxed on profits from the sale of assets.
• Property Tax: Imposed on property ownership.
• Real Estate Transfer Tax: Paid upon the sale of real estate.
• Corporate Tax: Applied to corporate profits.

These taxes collectively contribute to Greece’s revenue and fund public services.

4. What Are the Greek Income Tax Rates?

Greek income tax rates are progressive, ranging from 9% to 44%, depending on the income bracket. This means higher income levels are taxed at higher rates.

Here’s a quick look at the current Greek income tax brackets:

Income (EUR)	Tax Rate
1 – 10,000	9%
10,001 – 20,000	22%
20,001 – 30,000	28%
30,001 – 40,000	36%
40,001 and over	44%

Understanding these brackets is crucial for accurately estimating your tax liability in Greece. Knowing the applicable tax rate for your income level helps in financial planning and compliance with Greek tax laws. For US expats, this information is vital for managing both Greek and US tax obligations.

5. How Does Social Security Tax Work in Greece?

Social Security Tax in Greece is funded by both employer and employee contributions, totaling 40.56% of an employee’s salary. The employer contributes 24.81%, while the employee contributes the remaining 15.75%.

This system ensures that workers contribute to their future social security benefits, including pensions and healthcare. The high percentage reflects Greece’s commitment to social welfare programs. For US expats, understanding this system is crucial as it impacts their take-home pay and overall financial planning. According to the Social Security Administration, totalization agreements, such as the one between the US and Greece, can affect how social security taxes and benefits are handled.

6. How Does Value-Added Tax (VAT) Work in Greece?

Greece imposes a Value-Added Tax (VAT) on various goods and services, with a standard rate of 24%. Certain essential goods and services are taxed at reduced rates of 13% or even 6%.

VAT is a consumption tax added to the price of goods and services. The standard rate applies to most items, while reduced rates are designed to make essential goods and services more affordable. This tax impacts the cost of living and doing business in Greece. For example, basic necessities like food and medicine often benefit from the lower rates. Knowing the VAT rates helps consumers and businesses budget and plan accordingly.

7. What Should US Expats Know About Inheritance Tax in Greece?

US expats should know that Greek inheritance tax is assessed based on the value of the inherited property and the heir’s relationship to the deceased. Rates range from 0% to 10% for immediate relations, but can be as high as 40% for other heirs.

This means that the closer the relationship, the lower the tax rate. For instance, spouses and children typically face lower rates than more distant relatives or non-relatives. The value of the inherited property is also a key factor in determining the tax amount. Estate planning becomes crucial for US expats with assets in Greece to minimize the tax burden on their heirs. Seeking professional advice can help navigate these complexities.

8. How Does Capital Gains Tax Work in Greece?

Capital gains in Greece are taxed at different rates depending on whether you’re a business or an individual. For businesses, capital gains are generally treated as ordinary corporate income and taxed at the same rate (22%). For individuals, capital gains are typically taxed at 15%.

This means that if a business sells an asset for more than its original cost, the profit is taxed at the standard corporate tax rate. Individuals selling assets like stocks or real estate will generally pay a 15% tax on the profit. Understanding these rates is essential for financial planning, especially when considering investments and asset sales. According to a Harvard Business Review study, effective capital gains management can significantly impact overall profitability.

9. What Are the Property Tax Implications in Greece?

Greece taxes property through a program known as ENFIA, which includes a primary tax on each property and a secondary tax on the total value of property rights owned by an individual. Local authorities also levy property taxes, ranging from 0.025% to 0.035% of the property’s value.

The ENFIA system considers various factors to determine property value, making it complex. The primary tax applies to each individual property, while the secondary tax targets the overall value of all properties owned by an individual. Additionally, local taxes further contribute to the overall property tax burden. Understanding these layers is crucial for property owners in Greece to accurately assess their tax obligations.

10. How Does Real Estate Transfer Tax Work in Greece?

Real estate sales in Greece are exempt from VAT but are taxed under a separate program at 3.09% of the property’s value. This tax is paid by the buyer during the property transfer.

This means that when you purchase a property in Greece, you’ll need to factor in this 3.09% tax on the property’s value. It’s a significant cost to consider in addition to the purchase price, legal fees, and other expenses. Understanding this tax is vital for budgeting and financial planning when buying real estate in Greece. Always consult with a real estate professional to ensure you’re fully aware of all associated costs.

11. How Does Corporate Tax Work in Greece?

Greece taxes corporate profits at a flat rate of 22%. Financial institutions, however, are generally taxed at a higher rate of 29%. Resident corporations are taxed on their worldwide income, while non-resident corporations are taxed only on income sourced from Greece. Corporate profits are not taxed at the local level.

This means that if your company is based in Greece, you’ll pay 22% tax on your profits, regardless of where the income comes from. If your company is based elsewhere but earns income in Greece, you’ll only pay tax on that Greek-sourced income. The higher rate for financial institutions reflects the unique nature of their business. Understanding these rules is crucial for businesses operating in Greece.

12. What Essential Tax Forms Do US Expats Need in Greece?

US expats in Greece need to be aware of several essential tax forms, including Form 1040, Form 2555, Form 1116, and either the E1 or E2 form, depending on their employment status. These forms cover both US and Greek tax obligations.

• Form 1040: The standard US tax return form for all US citizens and residents, regardless of location.
• Form 2555: Used to claim the Foreign Earned Income Exclusion (FEIE), allowing expats to exclude a certain amount of foreign-earned income from US taxation.
• Form 1116: Used to claim the Foreign Tax Credit (FTC), reducing US tax liability by the amount of foreign taxes paid.
• E1 or E2 form: The primary tax forms for Greek residents, with E1 for employees and E2 for self-employed individuals.

Understanding these forms and their specific requirements is crucial for compliance and minimizing tax liabilities.

13. When Are Taxes Due in Greece?

In Greece, the tax year aligns with the calendar year, starting on January 1 and ending on December 31. Tax returns are typically due around June 30 of the following year, though the exact date may vary depending on the last digit of your tax ID number.

This means you have about six months after the end of the tax year to prepare and file your return. Married couples can file jointly, but each spouse is taxed separately on their individual income. Staying organized and meeting these deadlines is essential to avoid penalties. Always check the official tax authority announcements for the most accurate and up-to-date information.

14. Is There a US Tax Treaty with Greece?

Yes, the US and Greece have a signed tax treaty designed to prevent double taxation. This treaty allows US citizens living in Greece to claim foreign tax credits for taxes paid to Greece, reducing their US tax liability.

The treaty also establishes rules for determining residency and taxable income for individuals and businesses operating in both countries. It ensures that income is not taxed twice by both the US and Greek tax authorities. However, it’s important to note that the treaty doesn’t exempt US citizens from filing US tax returns. All US citizens, regardless of where they live, must still file with the IRS every year.

15. Is There a Totalization Agreement Between the US and Greece?

Yes, the United States and Greece have a totalization agreement in place. This agreement prevents double taxation of Social Security benefits for individuals who have worked in both countries.

This means that if you’ve worked in both the US and Greece, you won’t have to pay Social Security taxes to both countries for the same work. The agreement ensures that workers are not unfairly burdened by overlapping tax obligations. Additionally, it allows workers who have paid into both countries’ systems to potentially receive benefits from both. Understanding this agreement can significantly impact your retirement planning.

16. How Can US Expats Navigate Tax Compliance in Greece?

US expats in Greece can navigate tax compliance by understanding their obligations, utilizing available resources, and seeking professional help. Key steps include determining residency status, understanding the Greek tax system, and utilizing the US-Greece tax treaty.

To ensure compliance, expats should:

1. Determine their residency status in Greece.
2. Familiarize themselves with Greek tax laws and regulations.
3. Utilize the Foreign Earned Income Exclusion (FEIE) and Foreign Tax Credit (FTC) on their US tax returns.
4. Keep accurate records of income and expenses.
5. Seek guidance from tax professionals specializing in US expat taxes.

By following these steps, US expats can confidently manage their tax obligations in Greece and avoid potential penalties.

17. What Happens If You Don’t File Taxes in Greece?

If you don’t file taxes in Greece, you could face penalties, interest charges, and potential legal issues. The Greek tax authorities take non-compliance seriously.

Failure to file can result in:

• Financial Penalties: Fines are imposed for late filing or failure to file.
• Interest Charges: Interest accrues on unpaid tax amounts.
• Legal Action: In severe cases, the Greek government may pursue legal action.
• Travel Restrictions: You might face difficulties leaving the country.
• Reputational Damage: Non-compliance can negatively impact your reputation and ability to conduct business in Greece.

Avoiding these consequences requires timely and accurate tax filing.

18. Can You File Greek Taxes Online?

Yes, you can file Greek taxes online through the myAADE platform, the official website of the Independent Authority for Public Revenue (AADE) in Greece. This platform allows you to submit your tax returns electronically.

The myAADE platform provides a convenient and efficient way to manage your tax obligations. You’ll need to register for an account and follow the instructions to complete and submit your tax return. Filing online ensures that your return is processed quickly and accurately. Always ensure you have all necessary documents and information ready before you begin the online filing process.

19. What Deductions and Credits Are Available in Greece?

Greece offers various deductions and credits that can help reduce your tax liability. These include deductions for medical expenses, social security contributions, and certain charitable donations, as well as credits for dependent children and energy efficiency upgrades.

Understanding these deductions and credits is essential for minimizing your tax burden. Some common examples include:

• Medical Expenses: You can deduct a portion of your medical expenses.
• Social Security Contributions: Contributions to social security are deductible.
• Charitable Donations: Donations to approved charities may be deductible.
• Dependent Children: Tax credits are available for those with dependent children.
• Energy Efficiency Upgrades: Investments in energy-efficient home improvements may qualify for tax credits.

Be sure to keep detailed records of all eligible expenses to claim these benefits accurately.

20. How Does the Foreign Earned Income Exclusion (FEIE) Apply to US Expats in Greece?

The Foreign Earned Income Exclusion (FEIE) allows US expats in Greece to exclude a certain amount of their foreign-earned income from US taxation. For 2024, this amount is $120,000.

To qualify for the FEIE, you must meet either the physical presence test (being physically present in a foreign country for at least 330 full days during a 12-month period) or the bona fide residence test (establishing residency in a foreign country). The FEIE can significantly reduce your US tax liability, making it a valuable tool for US expats living and working in Greece. Remember to file Form 2555 with your US tax return to claim the FEIE.

21. How Does the Foreign Tax Credit (FTC) Work for US Expats in Greece?

The Foreign Tax Credit (FTC) allows US expats in Greece to claim a credit for income taxes paid to Greece, reducing their US tax liability. This prevents double taxation on the same income.

To claim the FTC, you must file Form 1116 with your US tax return. The amount of the credit is limited to the amount of US tax that would have been owed on the foreign-sourced income. If the taxes paid to Greece are higher than this limit, the excess credit can be carried forward to future tax years. The FTC is a valuable tool for minimizing your overall tax burden as a US expat in Greece.

22. What Are the Common Mistakes US Expats Make When Filing Taxes from Greece?

Common mistakes US expats make when filing taxes from Greece include failing to report foreign income, not claiming the FEIE or FTC, misunderstanding residency rules, and missing filing deadlines. These errors can lead to penalties and increased tax liabilities.

To avoid these mistakes, US expats should:

• Report all foreign income on their US tax return.
• Determine their eligibility for and claim the FEIE and FTC.
• Understand the residency rules in both the US and Greece.
• Keep track of filing deadlines and file on time.
• Seek professional tax advice to ensure compliance.

By being proactive and informed, US expats can minimize errors and optimize their tax situation.

23. Can Self-Employed Individuals Benefit from Tax Treaties Between the US and Greece?

Yes, self-employed individuals can benefit from tax treaties between the US and Greece. These treaties help prevent double taxation and provide rules for determining residency and taxable income.

Under the treaty, self-employed individuals may be able to claim foreign tax credits for taxes paid to Greece, reducing their US tax liability. The treaty also outlines specific provisions for business profits and independent personal services. Understanding these provisions can help self-employed individuals minimize their tax burden and ensure compliance with both US and Greek tax laws.

24. How Does Owning Property in Greece Affect Your US Taxes?

Owning property in Greece can affect your US taxes in several ways. Rental income from the property is taxable and must be reported on your US tax return. Additionally, the property’s value may be subject to US estate tax upon your death.

The US-Greece tax treaty can help mitigate some of these tax implications. For example, you may be able to claim foreign tax credits for property taxes paid in Greece. It’s essential to keep accurate records of all income and expenses related to the property and seek professional tax advice to ensure compliance and optimize your tax situation.

25. What Are the Best Resources for US Expats to Learn About Greek Taxes?

The best resources for US expats to learn about Greek taxes include the official website of the Independent Authority for Public Revenue (AADE), the US Internal Revenue Service (IRS) website, and professional tax advisors specializing in US expat taxes.

These resources provide valuable information on Greek tax laws, US tax treaties, and compliance requirements. Additionally, expat forums and online communities can offer insights and advice from other US expats living in Greece. Utilizing a combination of these resources can help you stay informed and manage your tax obligations effectively.

26. Are There Any Tax Breaks for Green Investments in Greece?

Yes, Greece offers tax breaks for green investments, aimed at promoting environmental sustainability. These incentives often include deductions or credits for investments in renewable energy, energy efficiency, and other eco-friendly initiatives.

These tax breaks can significantly reduce the cost of green investments, making them more attractive. For example, investments in solar panels, energy-efficient appliances, or sustainable building materials may qualify for tax benefits. Taking advantage of these incentives can help you reduce your tax liability while contributing to a greener environment.

27. What Should I Know About the Greek Tax System If I’m Only Staying Short-Term?

If you’re staying in Greece short-term, you’re generally considered a non-resident for tax purposes and are only taxed on income sourced from Greece. This means that if you’re working or earning income while in Greece, that income is subject to Greek tax.

However, if you’re simply visiting as a tourist and not earning any income, you likely won’t have any Greek tax obligations. It’s essential to understand the residency rules and the source of your income to determine your tax responsibilities. If you’re unsure, seeking professional tax advice is always a good idea.

28. How Do I Report My Foreign Bank Accounts to the IRS While Living in Greece?

As a US expat living in Greece, you must report your foreign bank accounts to the IRS if the aggregate value of all your foreign financial accounts exceeds $10,000 at any time during the calendar year. This is done by filing a Report of Foreign Bank and Financial Accounts (FBAR) with the Financial Crimes Enforcement Network (FinCEN).

The FBAR is due annually by April 15, with an automatic extension to October 15. Failure to file an FBAR can result in significant penalties, so it’s crucial to comply with this requirement. Keep accurate records of all your foreign bank accounts and consult with a tax professional if you have any questions.

29. How Can I Find a Qualified Tax Advisor for US Expats in Greece?

Finding a qualified tax advisor for US expats in Greece involves researching and verifying their expertise. Look for advisors with experience in US expat taxes and familiarity with the US-Greece tax treaty.

To find a qualified advisor:

• Search online directories and professional organizations.
• Ask for referrals from other expats.
• Check their credentials and experience.
• Ensure they have a good understanding of both US and Greek tax laws.
• Read reviews and testimonials from previous clients.

Choosing the right tax advisor can make a significant difference in your tax compliance and financial well-being.

30. What Opportunities Exist for Business Partnerships in Greece?

Greece offers diverse opportunities for business partnerships across various sectors, including tourism, renewable energy, technology, and agriculture. These partnerships can leverage Greece’s strategic location, skilled workforce, and access to European markets.

Potential partnership opportunities include:

• Tourism: Collaborating with local businesses to enhance tourism offerings.
• Renewable Energy: Investing in solar, wind, and other renewable energy projects.
• Technology: Developing innovative solutions for the Greek market.
• Agriculture: Partnering with local farmers to produce and export agricultural products.

Exploring these opportunities can lead to mutually beneficial business ventures in Greece.

31. What are the Key Considerations Before Forming a Business Partnership in Greece?

Before forming a business partnership in Greece, key considerations include understanding Greek business law, conducting thorough due diligence on potential partners, and establishing a clear partnership agreement.

Important steps to consider:

• Legal Framework: Familiarize yourself with Greek business laws and regulations.
• Due Diligence: Conduct thorough background checks on potential partners.
• Partnership Agreement: Create a comprehensive agreement outlining roles, responsibilities, and profit-sharing arrangements.
• Financial Planning: Develop a detailed financial plan, including tax implications.
• Cultural Awareness: Understand Greek business culture and communication styles.

Addressing these considerations can help ensure a successful and sustainable business partnership.

32. What Resources are Available to Help Foreigners Start a Business in Greece?

Several resources are available to help foreigners start a business in Greece, including government agencies, business incubators, and professional consulting services. These resources provide guidance on legal requirements, funding opportunities, and business development.

Helpful resources include:

• Enterprise Greece: The official investment and trade promotion agency.
• Greek Ministry of Development and Investments: Provides information on business regulations and incentives.
• Business Incubators: Offer mentorship and support to startups.
• Professional Consultants: Provide legal, financial, and business advice.
• Embassies and Consulates: Offer guidance and support to foreign investors.

Utilizing these resources can simplify the process of starting a business in Greece.

33. What are Some Lucrative Industries for Foreign Investment in Greece?

Lucrative industries for foreign investment in Greece include tourism, renewable energy, technology, agriculture, and real estate. These sectors offer growth potential and attractive investment opportunities.

Key industries to consider:

• Tourism: Greece’s thriving tourism sector offers opportunities in hotels, resorts, and related services.
• Renewable Energy: The country’s abundant sunshine and wind make it ideal for renewable energy projects.
• Technology: Greece’s growing tech sector offers opportunities in software development, IT services, and digital marketing.
• Agriculture: Opportunities exist in producing and exporting high-quality agricultural products.
• Real Estate: The Greek real estate market offers potential for investment in residential and commercial properties.

Exploring these industries can lead to profitable investment ventures in Greece.

34. How Does Greece Support Innovation and Technology Startups?

Greece supports innovation and technology startups through various initiatives, including tax incentives, funding programs, and business incubators. These programs aim to foster a vibrant startup ecosystem and attract foreign investment.

Support mechanisms include:

• Tax Incentives: Reduced corporate tax rates and tax breaks for research and development.
• Funding Programs: Grants and loans for startups and innovative projects.
• Business Incubators: Offer mentorship, office space, and access to resources.
• Government Initiatives: Programs to promote entrepreneurship and innovation.
• EU Funding: Access to European Union funding for research and development projects.

These support systems create a favorable environment for technology startups in Greece.

35. What Legal Structures Can Foreigners Use for Businesses in Greece?

Foreigners can use several legal structures for businesses in Greece, including limited liability companies (LLCs), corporations, and branch offices. Each structure has different requirements and implications for liability and taxation.

Common legal structures include:

• Limited Liability Company (LLC): Offers limited liability and is relatively easy to set up.
• Corporation: Suitable for larger businesses with more complex operations.
• Branch Office: Allows a foreign company to operate in Greece without establishing a separate legal entity.
• General Partnership: Involves shared liability and management responsibilities.
• Limited Partnership: Offers limited liability for some partners.

Choosing the right legal structure depends on your business goals and risk tolerance.

36. What are the Main Challenges of Doing Business in Greece and How Can They Be Overcome?

Main challenges of doing business in Greece include bureaucracy, economic instability, and cultural differences. These challenges can be overcome through careful planning, local partnerships, and a thorough understanding of the Greek market.

Strategies for overcoming challenges:

• Bureaucracy: Engage local consultants to navigate regulatory processes.
• Economic Instability: Develop a robust financial plan and diversify your investments.
• Cultural Differences: Build strong relationships with local partners and adapt your communication style.
• Language Barrier: Hire bilingual staff and translate important documents.
• Infrastructure Issues: Invest in reliable infrastructure and logistics solutions.

Addressing these challenges proactively can increase your chances of success in the Greek market.

37. What Cultural Aspects Should Foreigners Be Aware of When Conducting Business in Greece?

Foreigners conducting business in Greece should be aware of cultural aspects such as the importance of personal relationships, the slower pace of decision-making, and the emphasis on hospitality. Building trust and showing respect for local customs are essential for success.

Key cultural considerations:

• Personal Relationships: Invest time in building personal connections with business partners.
• Pace of Decision-Making: Be patient and allow time for decisions to be made.
• Hospitality: Show appreciation for Greek hospitality and reciprocate when appropriate.
• Communication Style: Be mindful of non-verbal cues and avoid direct confrontation.
• Business Etiquette: Dress professionally and be punctual for meetings.

Understanding and respecting these cultural nuances can foster strong business relationships in Greece.

38. What is the Role of Technology in Greece’s Economic Development?

Technology plays a crucial role in Greece’s economic development by driving innovation, improving productivity, and attracting foreign investment. The Greek government is actively promoting the growth of the technology sector through various initiatives and incentives.

Key contributions of technology:

• Innovation: Fosters the development of new products and services.
• Productivity: Enhances efficiency and reduces costs.
• Foreign Investment: Attracts international investors and creates job opportunities.
• Digital Transformation: Modernizes traditional industries and improves competitiveness.
• Startup Ecosystem: Supports the growth of technology startups and entrepreneurship.

Leveraging technology is essential for Greece to achieve sustainable economic growth.

Ready to explore partnership opportunities and navigate the Greek tax landscape with confidence? Visit income-partners.net today to discover strategies, connect with potential partners, and unlock new income streams. Don’t miss out on the chance to build profitable relationships and achieve your business goals! Contact us at Address: 1 University Station, Austin, TX 78712, United States. Phone: +1 (512) 471-3434. Website: income-partners.net.

FAQ: Greek Taxes for US Expats

1. Do I need to file taxes in both the US and Greece?
   Yes, as a US citizen, you must file a US tax return every year, regardless of where you live. You may also need to file a Greek tax return if you are a resident of Greece or have income sourced from Greece.
2. What is the Foreign Earned Income Exclusion (FEIE)?
   The FEIE allows US expats to exclude a certain amount of their foreign-earned income from US taxation. For 2024, this amount is $120,000.
3. What is the Foreign Tax Credit (FTC)?
   The FTC allows US expats to claim a credit for income taxes paid to a foreign country, reducing their US tax liability.
4. How do I determine if I am a resident of Greece for tax purposes?
   You are generally considered a resident of Greece if you are physically present in the country for at least 183 days within any 12-month period, or if your vital interests or habitual abode are in Greece.
5. What are the Greek income tax rates?
   Greek income tax rates are progressive, ranging from 9% to 44%, depending on the income bracket.
6. Is there a tax treaty between the US and Greece?
   Yes, the US and Greece have a tax treaty designed to prevent double taxation.
7. How do I report my foreign bank accounts to the IRS?
   If the aggregate value of all your foreign financial accounts exceeds $10,000 at any time during the calendar year, you must file a Report of Foreign Bank and Financial Accounts (FBAR) with the Financial Crimes Enforcement Network (FinCEN).
8. What are the penalties for not filing taxes in Greece?
   Penalties for not filing taxes in Greece can include financial fines, interest charges, and potential legal issues.
9. Can I file Greek taxes online?
   Yes, you can file Greek taxes online through the myAADE platform, the official website of the Independent Authority for Public Revenue (AADE) in Greece.
10. Where can I find a qualified tax advisor for US expats in Greece?
    You can find a qualified tax advisor by searching online directories, asking for referrals from other expats, and checking their credentials and experience.