Are you thinking of moving abroad and ceasing your tax residency in Greece? Navigating the process can seem daunting, but with the right steps, you can ensure everything is handled correctly. Here's your comprehensive guide to ceasing tax residency in Greece.
Step 1: Determine Eligibility
Ensure that you meet the criteria for ceasing tax residency in Greece. This typically involves proving that you have a permanent residence in another country and spend more than 183 days per year outside of Greece. Gather evidence such as rental agreements, utility bills, or registration certificates from the country of your new residence.
Step 2: Notify the Tax Authorities
Submit a formal notification to the Greek tax authorities about your intention to cease tax residency. This should be done by filing a Declaration of Termination of Tax Residency (Form M1). Ensure that you attach all necessary documents that support your claim for a change in residency.
Step 3: Obtain a Tax Clearance Certificate
Before you can finalize your change of residency, you must obtain a Tax Clearance Certificate from the Greek tax authorities. This certificate confirms that you have settled all your tax obligations in Greece. Make sure to pay any outstanding taxes and submit any required tax returns.
Step 4: Deregister from the Municipal Rolls
Visit your local municipal office to deregister your residency. This step is crucial as it officially removes you from the local population records and ensures there is no discrepancy in your residency status.
Step 5: Close Bank Accounts and Other Financial Ties
Ensure you close any Greek bank accounts or other financial ties that may indicate ongoing residency in Greece. This includes notifying banks, financial institutions, and other relevant parties about your change in residency status.
Step 6: Update Your Information with Relevant Authorities
Update your residency information with all relevant authorities, including social security, healthcare, and any other governmental bodies that need to be informed about your change in status.
Step 7: Keep Records
Maintain copies of all documents and correspondence related to your cessation of tax residency. These records will be crucial if any questions arise in the future regarding your residency status.
Legal References
- Income Tax Code (Law 4172/2013)
- Tax Procedure Code (Law 4174/2013)
- Law 4389/2016 regarding the Independent Authority for Public Revenue (IAPR)
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