Moving to Athens - Need service Information
Question:
I am a US citizen and have been offered a 9 month employment contract
in Athens. I would be operating as an independent contractor, not an
employee. Before I decide whether or not to accept the contract, I am
wondering if somebody can point me in the right direction to get some
questions answered about a few things. If you don't know the answer
to any of these questions, but know where I could find the answer, I
would be very grateful if you would help me out!
1. What are the laws regarding independent contractors in Athens (or
Greece), particularly as it relates to taxes?
2. Making approximately 42.000 euros/year, approximately how much
should I plan on paying in taxes?
3. My wife and I have 3 children (5 of us total) - is healthcare
available for families of independent contractors and, if so, who
could I call to learn more? Approximately how much should I plan on
paying for basic healthcare premiums?
Answer:
_You will probably have to register for VAT which is 18% of turnover in
Greece. On top of that you will have to pay something like 33% corporation
tax same as the rest of Europe if you make any profit plus income tax of at
least 20% plus national health insurance of 11% or something like on you
drawings since you will be self employed that which leaves you with about
55% of what you earn ie. ?23,000 . Its covered by your taxes.
_if you works as a self-employed contractor and has a certain turnover
(which would be the case with 42,000 euros/year), you're subject to national VAT. you
must add it to the services invoiced to your customer, and in turn you can deduct from
your fiscal debt the VAT paid on supplies & services bought by yours, so it is fiscally
neutral for you (and for your customer), the final VAT being supported by the (private)
end-user.
As US Citizen, you should contact the American-Hellenic Chamber of Commerce.
http://www.amcham.gr/
I think you will get much more specific and reliable information from there
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