In accordance with Article 21 §3 of Law No. 4172/2013, income derived by an individual from the sale of real estate may be classified as business income and is therefore subject to taxation as such. One of the key criteria is whether the transactions are carried out on a systematic basis.

The concept of a “tax resident of Greece” defines the category of individuals who are obliged to pay taxes within the territory of the Hellenic Republic, as well as the rules for taxing their income derived from sources both within the country and abroad. This status is of crucial importance for individuals who reside permanently in Greece or conduct economic activities on its territory and abroad, and it determines their tax obligations in accordance with Greek tax law.

The AFM (Αριθμός Φορολολογικού Μητρώου) in Greece is a tax identification number that plays a key role in various transactions and interacti