What is the tax on deposit interest in Greece?

Deposit interest in Greece is taxed at a flat rate of 15%. This tax is automatically withheld by the bank, so you receive the net interest amount.

How is deposit interest calculated?

Deposit interest is calculated daily using the formula: Principal × Annual Rate × Days / 365. The gross interest is then reduced by 15% tax to give you the net interest.

Do I need to declare deposit interest on my tax return?

No, since the 15% tax is withheld at source by the bank, you don't need to include deposit interest in your annual tax return in Greece.

Deposit Interest Calculator

Calculation Parameters

Principal Amount (€)

Annual Interest Rate (%)

Start Date

End Date

Interest is calculated daily with 15% tax withholding

Calculation Information

Interest Formula

Interest = Principal × (Rate / 365) × Days

Tax Information

Interest is taxed at a flat rate of 15%
Tax is withheld at source by the bank
No additional declaration required for this income

Deposit Interest Calculator | TaxApps - Greek Tax Calculators