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Dutch tax on your assets in Greece

Living in the Netherlands and still own property, savings or investments in Greece? You have to declare them in Box 3. The Netherlands–Greece tax treaty stops you paying twice on property, but savings and investments stay taxable here. Here's how it works, and a calculator to see what it means for you.

Property in Greece

A house, flat or land in Greece counts in your Box 3 wealth at its value on 1 January. Under the treaty Greece may tax that property, and the Netherlands exempts the share of Box 3 tax that falls on it.

So you usually pay no Dutch tax on it, but you still have to declare it. It also counts when the tax-free allowance is spread over your assets, so your other wealth can be taxed slightly more.

Bank accounts and investments in Greece

Savings, deposits, shares and funds in Greece stay taxable in Dutch Box 3, just like assets here. The Netherlands is your country of residence and keeps the right to tax them.

If Greece withheld tax on interest or dividends, it's credited against the Dutch tax on that slice, up to that Dutch tax and the rate the treaty allows.

Converting and declaring

Convert amounts to euros at the exchange rate on 1 January of the tax year. Keep a year-end statement from the bank or broker and a valuation of any property.

Many countries automatically share account information with the Belastingdienst. If you left foreign assets out in earlier years, correcting it voluntarily usually means a lower fine than if the Belastingdienst finds it first.

Money from family in Greece

Gifts from parents or relatives living in Greece are not subject to Dutch gift tax, unless the giver is a Dutch national who left the Netherlands less than 10 years ago. From the next 1 January the money does count in your Box 3.

What Greece itself taxes

  • ENFIA, the annual property tax, is payable to the Greek state on property in Greece, whether or not you use it. Rent from Greek property is taxed in Greece.
  • You need a Greek tax number (AFM) and usually a Greek tax representative to own, let or sell property there as a non-resident.

Your accounts and products in Greece

  • Greek bank deposits count as savings in Box 3, Greek government bonds, funds and shares as investments.
  • Greek tax withheld on interest can be credited against the Dutch tax on those savings up to the treaty rate.

Common situations

  • Inheriting from parents who lived in Greece: there is no Dutch inheritance tax when the person who died lived abroad (unless they were a Dutch national who left the Netherlands less than 10 years before). What you inherit counts in your Box 3 from the next 1 January.
  • A share of a family house on an island, inherited with relatives: enter your share of its value in Box 3 (relief applies) and keep paying your part of ENFIA in Greece.

Worked example (2026)

You live in the Netherlands, single, with € 30.000 in a Dutch savings account. In Greece you own a home in Thessaloniki worth € 120.000 and € 15.000 in a Greek deposit.

Box 3 tax on everything€ 1.956
Treaty relief for the home− € 1.660
Box 3 tax you pay€ 296

The home still raises the tax a little: it counts when the tax-free allowance is spread over everything you own. The tax Greece levies on the home itself comes on top. Sources: belastingdienst.nl, aade.gr.

Keep calculating

General information based on Dutch treaty practice for Box 3. Your own situation may differ; have foreign assets checked by an adviser if in doubt.