Greece vs Portugal — Tax Comparison 2026
Greek taxes vs Portuguese taxes, at a glance. Greece: 9%–44% across 6 brackets. Portugal: 12.5%–48% across 9 brackets. Compare take-home pay side by side for employees and contractors.
Are taxes higher in Greece or Portugal?
It's close — for employees at $100,000, Greece and Portugal are within $611 of each other per year. At $100,000, an employee in Greece takes home $59,338 versus $58,727 in Portugal — a difference of $611 per year. For contractors, Greece comes out ahead: $64,944 versus $60,991.
Estimates based on 2026 rates and approximate exchange rates. Actual take-home varies by individual circumstances.
USD amounts use approximate exchange rates (EUR: 1.1160, EUR: 1.1160). Local currency figures are exact.
| Metric | Greece | Portugal |
|---|---|---|
| Gross (EUR/EUR) | 89.607 € | 89 607 € |
| Gross (USD) | $100,000 | $100,000 |
| Income Tax | 24.456 € | 27 127 € |
| Social Security | 10.144 € | 9857 € |
| Health Insurance | 1.837 € | 0 € |
| Net (EUR/EUR) | 53.171 € | 52 623 € |
| Net (USD) | $59,338+$611 | $58,727 |
| Effective Rate | 40.7% | 41.3% |
Gross (EUR/EUR)
Greece
89.607 €
Portugal
89 607 €
Gross (USD)
Greece
$100,000
Portugal
$100,000
Income Tax
Greece
24.456 €
Portugal
27 127 €
Social Security
Greece
10.144 €
Portugal
9857 €
Health Insurance
Greece
1.837 €
Portugal
0 €
Net (EUR/EUR)
Greece
53.171 €
Portugal
52 623 €
Net (USD)
Greece
$59,338
+$611Portugal
$58,727
Effective Rate
Greece
40.7%
Portugal
41.3%
Where identifiable, mandatory health contributions are shown separately. For other countries, health coverage is included in the Social Security amount.
Bottom Line
At $100,000/year income
Greece gives you $611 more per year ($51/mo) as an employee
Greece gives you $3,953 more per year ($329/mo) as a contractor
Take-Home Pay at $60K, $100K and $150K
Net income after income tax and social contributions, converted to USD at approximate exchange rates. Effective rate in parentheses.
Employees
| Gross (USD) | Greece net | Portugal net | Who keeps more |
|---|---|---|---|
| $60,000 | $39,279 (34.5%) | $39,004 (35.0%) | Greece (+$275) |
| $100,000 | $59,338 (40.7%) | $58,727 (41.3%) | Greece (+$611) |
| $150,000 | $87,042 (42.0%) | $82,128 (45.3%) | Greece (+$4,914) |
Contractors / Self-Employed
| Gross (USD) | Greece net | Portugal net | Who keeps more |
|---|---|---|---|
| $60,000 | $42,028 (29.9%) | $40,005 (33.3%) | Greece (+$2,023) |
| $100,000 | $64,944 (35.1%) | $60,991 (39.0%) | Greece (+$3,953) |
| $150,000 | $92,945 (38.0%) | $90,236 (39.8%) | Greece (+$2,709) |
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How Taxes Work
Greece Tax System
Employee
- ·2026 progressive scale (Law 5246/2025) — 6 brackets: 9%, 20%, 26%, 34%, 39%, 44%.
- ·EFKA social security 11.32% (pension 6.67% + supplementary 3.25% + unemployment 1.40%), capped at €93,143/year.
- ·Health insurance (ΕΟΠΥΥ) 2.05%, same cap — shown separately.
- ·EFKA contributions are deducted before tax, and the €777 tax reduction applies (reduced by €20 per €1,000 of income above €12,000).
- ·New tax residents: Article 5C offers 50% income tax reduction for 7 years (see visa page).
Contractor
- ·Self-employed (eleftheros epangelmatias).
- ·Same 6 progressive brackets apply.
- ·EFKA contributions are fixed monthly amounts based on chosen insurance category (6 tiers, ~€251–€670/month in 2026).
- ·Calculator models the 1st (default) category at ~€251/month (€3,009/year — pension €185.09 + health €65.68, e-EFKA Circular 6/2026).
- ·Business expenses deducted from actual receipts (varies by profession — not modeled as flat rate).
- ·Article 5C 50% reduction available to qualifying new tax residents for 7 years.
- ·The fixed EFKA contributions are deductible from business income.
Portugal Tax System
Employee
- ·IRS 2026: 9 brackets (12.5%-48%).
- ·Dedução específica €4,587.09, or the 11% SS contributions if higher (from about €41,700 of salary).
- ·Employee SS 11% (no cap).
Contractor
- ·Simplified regime (regime simplificado).
- ·IRS on 75% of income (coeficiente 0.75, Art. 31 CIRS).
- ·SS: 21.4% on 70% of income, capped at 12×IAS/month.
- ·No dedução específica for Category B.
Full Greece Tax Calculator →
Detailed breakdown with custom income
Full Portugal Tax Calculator →
Detailed breakdown with custom income
Visa Options
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Frequently Asked Questions
Which is cheaper for remote workers — Greece or Portugal?
- ·It depends on your structure.
- ·Greece's fixed EFKA system makes freelancing cheap (~€3,009/year), while Portugal charges ~21.4% SS on 70% of income.
- ·For employees, Portugal has lower income tax brackets at moderate incomes but higher social security.
- ·Greece's Article 5C (50% reduction for 7 years) can make it significantly cheaper for new residents.
How do Greece and Portugal's newcomer tax regimes compare?
- ·Greece's Article 5C offers 50% income tax exemption for 7 years on employment/business income.
- ·Portugal's IFICI program (NHR successor) offers 20% flat tax on certain professions for 10 years.
- ·Greece's regime is broader (no profession restrictions) and the 50% reduction applies to all bracket levels.
- ·Portugal's is longer (10 vs 7 years) but more restrictive on eligible activities.
Do both Greece and Portugal offer digital nomad visas?
- ·Yes.
- ·Greece's DN Visa requires EUR 3,500/month (EUR 42,000/year).
- ·Portugal's D8 visa requires EUR 3,680/month.
- ·Both are EU/Schengen and provide residency pathways.
- ·Greece offers the Article 5C tax benefit; Portugal's IFICI program is separate from the visa application.
- ·Income thresholds are very similar.