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Dual Taxation Agony Over

forologiki-dilosi1With four simple regulations of Article 43, Law 4141, the Greek State provides a solution to the taxation problem for people of Greek descent. Those who have or can receive income in Greece,  will be able from now on to declare themselves as residents of a foreign country and submit along with their tax return, either a certification they file taxes in another country, or a copy of their tax form from that country.
“After continuous efforts the issue was solved and the new framework provides considerable flexibility,” said Deputy Foreign Minister Kostas Tsiaras in an exclusive statement to AMNA, expressing his satisfaction.
In this way, the agony of thousands of Greeks of the Diaspora regarding the new tax regime in Greece has been put to an end. The cry of distress for resolving dual taxation had been intensively expressed by people of the Diaspora to Tsiaras on all of his trips to Europe, America and especially Australia. With these regulations the issue has been solved despite the fact that ten days ago, on March 29, an  extension of the deadline for submitting the supporting documents was given, until 28 June.
With the new regulation it is clarified that, whoever chooses to submit a tax form, this declaration must be issued either from the tax authority of the other country, or from any public, municipal or other recognized authority. Their tax return- which will concern only their income deriving from Greece- along with the above mentioned supporting documents should be submitted within the prescribed period.
Otherwise, if the necessary supporting documents are not submitted within the period set, those  liable will be considered residents of Greece and will be subjected to taxation based on their worldwide income.

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