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Greek Philoxenia Captured By McCabe, FAQs about Greece's 7% Flat Tax Program for Pensioners and March 25th
🇬🇷Greek Independence Day explained for expats
Chloe Mason
March 12, 2026
đź‘‹ Hey there expats,
In this week’s newsletter, we’re sharing with you our weekly roundup of news in Greece, frequently asked questions about Greece’s 7% flat tax for foreign retirees, and the historical background of Greek Independence Day coming up on March 25th.
Did you know? Greek Independence Day Explained
March 25th is one of the most important days in Greece because it celebrates both a national and religious holiday at the same time. On this day, Greeks commemorate the start of the Greek War of Independence against the Ottoman Empire in 1821, which eventually led to the creation of the modern Greek state in 1830. At the same time, the Greek Orthodox Church celebrates the Annunciation, marking when the Archangel Gabriel told the Virgin Mary she would give birth to Jesus.
On this day, you’ll see school parades, military ceremonies, Greek flags on balconies, and traditional costumes all across Greece. A unique food tradition also takes place that day: Greeks eat bakaliaros skordalia, which is fried salted cod with a strong garlic dip, because Lent rules allow fish on the Annunciation.
Read all about it here.
In the news
🌊 McCabe captures Greek philoxenia — Read here.
🎧 Greece unveils “Ferto” for its Eurovision 2026 song – Read here.
📊 FAQ Corner – Greece’s 7% Pension Tax Program
On July 31, 2020, Greece introduced a new tax law that allows foreign retirees to pay a flat annual tax rate of 7% on all foreign-sourced income. This simplified tax regime significantly reduces the tax burden for retirees, allowing them to retain more of their income and enjoy a comfortable lifestyle in one of the world's most beautiful countries. See below for frequently asked questions 👇
Would self-funded pensions or annuity funds be accepted under the 7% tax break?
No. Investment pensions, self funded pensions, annuity funds, and similar arrangements that are not connected to a previous employment relationship are generally not eligible. To qualify under Greece’s 7% pension tax regime, applicants must demonstrate that they receive a recognized pension linked to prior employment. This can be from a state pension authority or a qualifying private pension provider. A certificate confirming the pension income will typically be required as part of the application.
Do you have to be an EU citizen to apply for Greece’s 7% tax incentive?
No, EU citizenship is not required. The pension tax incentive is open to any retiree relocating to Greece from any nationality or heritage, provided they meet the program requirements.
Is an IRA accepted under the Greek pension tax regime?
An IRA is considered a private retirement account. In some situations it may be accepted if it clearly relates to past employment contributions, such as funds rolled over from an employer sponsored retirement plan like a 401(k). Whether it qualifies depends on how the account is described in the official pension documentation and supporting certificates submitted during the application.
That's it for this week's newsletter! As always, feel free to reach out with any questions, suggestions, or if you'd like to be featured by replying to this email.
Wishing you a fantastic week ahead filled with Greek adventures and memorable experiences.
Yassas!
The “My Greek Expat Journey” Team
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