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Greek government plans to tax Greeks living in Australia
| Published: | 18 Mar at 6 PM |
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With the Greek government still under major pressure from the EU, it’s no surprise that a property rental and sales tax on Greek real estate may be levied on migrant Greeks in Australia.
Greek lawmakers are brushing aside the double tax agreement between the two countries by floating the idea of taxing income from rental homes and the sale of property in Greece which is owned by Greeks living in Oz. A recent Australian census indicated that over a quarter of a million Greek nationals have emigrated to Australia, with many still holding property in their country of origin.
However, the sheer number of the Greek community means it has a voice, with the Australian government already announcing that it will be monitoring the situation as regards the imposing of double taxation by another country. Fears are surfacing within the community that the Greek government will deem that all Greek migrants are effectively still living in Greece, and tax them accordingly.
Many are refusing to believe the Australian government’s reassurances, even although a get-out clause is already being provided by the Greek government, which has suggested that the recently imposed property tax may be cancelled should the country’s economy improve. Even more are waiting for the Oz government to state that, as they are legal immigrants living in the country, they are deemed to be under the stewardship of the country’s government.
Greek lawmakers are brushing aside the double tax agreement between the two countries by floating the idea of taxing income from rental homes and the sale of property in Greece which is owned by Greeks living in Oz. A recent Australian census indicated that over a quarter of a million Greek nationals have emigrated to Australia, with many still holding property in their country of origin.
However, the sheer number of the Greek community means it has a voice, with the Australian government already announcing that it will be monitoring the situation as regards the imposing of double taxation by another country. Fears are surfacing within the community that the Greek government will deem that all Greek migrants are effectively still living in Greece, and tax them accordingly.
Many are refusing to believe the Australian government’s reassurances, even although a get-out clause is already being provided by the Greek government, which has suggested that the recently imposed property tax may be cancelled should the country’s economy improve. Even more are waiting for the Oz government to state that, as they are legal immigrants living in the country, they are deemed to be under the stewardship of the country’s government.
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