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Reply To: Vamos

      • Topics: 76
      • Replies: 1435
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      • Practcally Cretan
      • ★★★★★★
      Member since: 3rd March 2007


      I’m not sure how the Greek authorities would know what your global income was unless you told them.  For example, if you happened to be renting out a property in the UK and were earning taxable income then who would have precedent re tax ie HMRC or the Greek authorities? Likewise, if your savings are earning interest in a UK bank you will be either taxed automatically at source or, if a larger amount, will be paid gross and then have to pay tax on interest earned to HMRC.

      I can’t see HMRC, particularly in these cash strapped times, foregoing taxable income from a UK citizen in favour of the Greek authorities.

      This being the case the reciprocal tax agreement would come into force.


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