SolvedDT8252 | Double Taxation Relief Manual: Greece: treaty summary
From HM Revenue & Customs · Double Taxation Relief Manual
The table summarises the provisions of the treaty as they relate to income beneficially owned by UK residents. The rate shown is the ‘treaty rate’ and does not reflect taxes chargeable under domestic law before relief is given under the provisions of the treaty. The ‘treaty rate’ is the maximum rate at which Greece is permitted to tax income in the relevant categories under the treaty. Rates chargeable under domestic law may be higher or lower.
In all cases other conditions for relief (e.g. beneficial ownership) will have to be met before relief is due under the treaty. The text of the treaty itself should be consulted for the full details. The text of the treaty can be found on gov.uk.
| Subject | Comments | Article |
|---|---|---|
| Portfolio dividends | (Note 1) | N/A |
| Dividends on direct investments | (Note 1) | N/A |
| Conditions for lower rate on dividends on direct investments | (Note 1) | N/A |
| Property income dividends | (Note 1) | N/A |
| Interest | 0% (Note 2) | VI |
| Royalties | 0% (Note 2) | VI |
| Government pensions | Taxable only in Greece unless the individual is a national of the UK and not a Greek national | X |
| Other pensions | Taxable only in the UK (Note 2) | X |
| Arbitration | No | N/A |
Note 1: There is no dividend Article in the agreement and domestic withholding rates will therefore apply.
Note 2: Interest, royalties and pensions (other than Government pensions) are only exempt from Greek tax if the recipient is subject to UK tax (see INTM162090) on the same income.