Greece

Ease of Doing Business in

Greece

This page summarizes Doing Business 2013 data for Greece. The first table lists the overall "Ease of Doing Business" rank (out of 185 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 11,304,000
GNI Per Capita (US$) 25,030
Doing Business 2013 Rank Doing Business 2012 Rank Change in Rank
78 89 down 11

Doing Business 2013 DTF** (% points) Doing Business 2012 DTF** (% points) Improvement in DTF** (% points)
62.0 59.4 down 2.6
Topic Rankings DB 2013 Rank DB 2012 Rank Change in Rank
Starting a Business 146 140 up -6
Dealing with Construction Permits 31 32 up 1
Getting Electricity 59 56 up -3
Registering Property 150 150 No change
Getting Credit 83 80 up -3
Protecting Investors 117 155 up 38
Paying Taxes 56 69 up 13
Trading Across Borders 62 79 up 17
Enforcing Contracts 87 85 up -2
Resolving Insolvency 50 58 up 8

Economy Profile

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Paying Taxes

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This data shows the tax that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes. These measures include the number of payments an entrepreneur must make; the number of hours spent preparing, filing, and paying; and the percentage of their profits they must pay in taxes.

DB 2013 Rank 56 DB 2012 Rank 69 Change in Rank up13
DB 2013 DTF** (% points) 77.7 DB 2012 DTF** (% points) 75.6 Improvement in DTF** (% points) up2.1
Indicator Greece OECD high income OECD

The total number of tax payments per year. The indicator reflects the total number of taxes and contributions paid, the method of payment, the frequency of payment and the number of agencies involved for a standardized case during the second year of operation.

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Payments (number per year)
8 -- 12

The time it takes to prepare, file and pay (or withhold) the corporate income tax, the value added tax and social security contributions (in hours per year).

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Time (hours per year)
202 -- 176

The amount of taxes on profits paid by the business as a percentage of commercial profits.

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Profit tax (%)
11.0 -- 15.2

The amount of taxes and mandatory contributions on labor paid by the business as a percentage of commercial profits.

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Labor tax and contributions (%)
32.2 -- 23.8

The amount of taxes and mandatory contributions paid by the business as a percentage of commercial profit that are not already included in the categories of profit or labor taxes.

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Other taxes (%)
1.3 -- 3.7

The total tax rate measures the amount of taxes and mandatory contributions payable by the business in the second year of operation, expressed as a share of commercial profits.

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Total tax rate (% profit)
44.6 -- 42.7
Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Social security contributions 1 online filing 46 29% gross salaries 32.2
Corporate income tax 1 online filing 78 20% taxable profit 11
Fuel tax 1 EUR 412 per 1000 liters fuel consumption 0.6
Property tax 1 1% assessed value 0.5
Interest tax 0 10% interest income 0.3 not included
Insurance premium 1 various rates insurance premium 0.2
Value added tax (VAT) 1 online filing 78 23% value added 0 not included
Advertising tax 1 various rates depending on the type of advertising 0 small amount
Road Tax 1 various rates depending on truck weight 0
Totals: 8 202 44.6

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the indicators across all economies included in Doing Business since each indicator was included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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