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Summary

Greece Will Offer You A Tax Break So You Can Work From Home On An Island

Calling all stay-at-home wannabe sunbathers!
Greece Will Offer You A Tax Break So You Can Work From Home On An Island
Matthew Waring I Unsplash
Contributor

Want to hide from Canada's brutal winter? Escape the COVID-19 spike in the country? Or simply tired of working from home? Well, another country might just have a solution for you.

Greece is the latest spot to offer up its sandy beaches and blue watered islands to foreigners who work from home. All in an exchange for helping their economy get back on its feet.

It also promises to make half of their income tax-free, according to Bloomberg Wealth.

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Per the report, the country knows its had a better COVID-19 run when compared to other places and wants to use this leverage to convince people to pack up and move to their country.

Additionally, the government also wants to reportedly bring back investments to Greece following years of economic hardships and "turning around the country’s performance in the wake of a decade-long debt crisis."

The current tax rate is 44% for earnings over $47,000 the report said, but the new incentive would only apply that to half of your income. This tax break plan will apparently also be of use for up to seven years, no matter your nationality or job.

The country "can now offer tax incentives as well as the sun," Alex Patelis, chief economic adviser to Prime Minister Kyriakos Mitsotakis said in the report.   

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    • Osobe Waberi
      Osobe Waberi was a Toronto-based Ethiopian-Somali Francophone writer at Narcity Canada. She graduated from the University of Toronto with a specialist degree in journalism and a news media diploma from Centennial College. Before Osobe’s gig as a national trending writer at Narcity, she worked at Toronto Star, The Canadian Press, VICE, and CBC.

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