Greece vs Portugal — Tax Comparison 2026

Greece: 9%–44% across 6 brackets. Portugal: 13%–48% across 9 brackets. Compare take-home pay side by side for employees and contractors.

Are taxes higher in Greece or Portugal?

For most remote workers, taxes are higher in Greece. At $100,000, an employee in Portugal takes home $56,501 versus $53,822 in Greece — a difference of $2,679 per year. For contractors, Greece comes out ahead: $63,720 versus $36,310. The winner changes with income level — see the table below.

Estimates based on 2026 rates and approximate exchange rates. Actual take-home varies by individual circumstances.

$

USD amounts use approximate exchange rates (EUR: 1.1538, EUR: 1.1538). Local currency figures are exact.

Gross (EUR/EUR)

Greece

86.670 €

Portugal

86 670 €

Gross (USD)

Greece

$100,000

Portugal

$100,000

Income Tax

Greece

28.435 €

Portugal

28 167 €

Social Security

Greece

9.811 €

Portugal

9534 €

Health Insurance

Greece

1.777 €

Portugal

0 €

Net (EUR/EUR)

Greece

46.647 €

Portugal

48 969 €

Net (USD)

Greece

$53,822

Portugal

$56,501

+$2,679

Effective Rate

Greece

46.2%

Portugal

43.5%

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

Portugal gives you $2,679 more per year ($223/mo) as an employee

Greece gives you $27,410 more per year ($2,284/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 netPortugal netWho keeps more
$60,000$36,309 (39.5%)$38,741 (35.4%)Portugal (+$2,432)
$100,000$53,822 (46.2%)$56,501 (43.5%)Portugal (+$2,679)
$150,000$80,823 (46.1%)$77,179 (48.5%)Greece (+$3,644)

Contractors / Self-Employed

Gross (USD)Greece netPortugal netWho keeps more
$60,000$40,859 (31.9%)$25,165 (33.1%)Greece (+$15,694)
$100,000$63,720 (36.3%)$36,310 (38.7%)Greece (+$27,410)
$150,000$91,720 (38.9%)$52,541 (40.0%)Greece (+$39,179)
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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.
  • ·A €777 tax credit applies (not modeled — reduces final tax, not taxable income).
  • ·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.
Portugal Tax System

Employee

  • ·IRS 2026: 9 brackets (12.5%-48%).
  • ·Dedução específica €4,587.
  • ·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

Greece

Digital Nomad Visa — EUR 3,500/mo

View Guide →

Portugal

D8 Digital Nomad Visa — EUR 3,680/mo

View Guide →

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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.

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