Compare taxes and see how much you save moving from Greece to Italy
Greece has progressive income tax rates from 9% to 44%, while Italy charges 23-43% plus regional surtax (up to 3.33%). Both offer special tax regimes for new residents: Greece's Non-Dom regime is €100,000 flat tax on ANY worldwide income (extremely generous for high earners), while Italy's 7% flat tax targets retirees in Southern Italy (10-year commitment, pension income only). Cost of living: Greece is 30% cheaper than Italy overall (Athens vs Rome). Both offer Mediterranean lifestyle, excellent food, warm weather, and retirement appeal. Popular with EU retirees and high-net-worth individuals.
Progressive
9 brackets, up to 44%
Progressive + Regional
4 national brackets + regional surtax
At €50,000 income:
That is €417/month back in your pocket!
| Income | GR Tax | IT Tax | Savings | 10-Year |
|---|---|---|---|---|
| €30,000 | €4,770 | €7,590 | -€2,820 | -€28,200 |
| €50,000 | €11,270 | €15,090 | -€3,820 | -€38,200 |
| €100,000 | €31,270 | €36,590 | -€5,320 | -€53,200 |
| €500,000 | €100,000 | €211,590 | -€111,590 | -€1,115,900 |
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Moving retirement funds to Greece or Italy? Transfer EUR at real exchange rate. €10,000 transfer costs €35 (vs bank's €150-300). Get Greek/Italian IBAN for local banking.
⚠ For currency exchange only — not a bank account replacement.
Transfer EUR to Greece/Italy →€100,000 annual flat tax on ALL worldwide income for new residents. No matter if you earn €200K or €5M, you pay exactly €100,000. Requirements: (1) Not Greek tax resident for 7 of past 8 years, (2) Invest €500K in Greek real estate/business OR €500K transferred to Greek bank, (3) Live in Greece >6 months/year. Duration: 15 years maximum. Comparison: On €500K income, standard Greek tax = €175K. Non-dom = €100K. Saves €75K/year. On €2M income: standard = €830K, non-dom = €100K, saves €730K/year. Popular with crypto millionaires, remote CEOs, retirees with large investments.
7% flat tax on foreign pension income for retirees moving to Southern Italy. Regions: Sicily, Calabria, Puglia, Basilicata, Sardinia, Campania, Abruzzo, Molise (population <20,000 towns). Requirements: (1) Age 60+, (2) Receive foreign pension, (3) Not Italian tax resident for 5+ years, (4) Move to eligible Southern town. Duration: 10 years (non-renewable). Tax: 7% on foreign pensions ONLY (Italian pensions taxed normally). Example: US Social Security $3,000/month = $36,000/year. Tax: €2,520 (7%) vs normal €11,880 (33%). Saves €9,360/year. Popular regions: Puglia (beaches, €400 rent), Sicily (history, €300 rent), Abruzzo (mountains, €250 rent).
Greece wins for ultra-high earners (€500K+): €100K non-dom flat tax (vs Italy standard 43% + regional). On €2M income: Greece €100K (5% effective!), Italy €840K (42% effective). Saves €740K/year. However, Italy wins for: Better healthcare (#2 vs #14), more developed economy, Milan international hub, better luxury services. Greece wins for: Island lifestyle (6,000+ islands), lower cost (30% cheaper), easier residency (€500K real estate vs Italy complex). Choose Greece for tax optimization + island lifestyle. Choose Italy for quality of life + services.
Athens wins for: Lower cost (30% cheaper), island proximity (ferry to 6,000 islands), €100K non-dom for wealthy retirees. Rome wins for: Better healthcare (#2 globally), culture (Vatican, Colosseum), Italian food. Cost comparison (monthly): Athens €1,200 budget, Rome €1,600. However, Southern Italy 7% flat tax requires living OUTSIDE Rome (small towns <20,000). Best value: Puglia, Italy (€800/month, 7% tax, beaches) or Greek islands (Crete €700/month, standard tax but cheaper living). Choose Athens for city + islands. Choose Southern Italy for tax benefits + authenticity. Choose Rome for culture (but expensive + standard tax).