Greece Flat 7% Tax Rate for Foreign Retirees: Overview
Greece offers foreign retirees a flat 7% tax rate on foreign-sourced income for up to 15 years under its retirement tax regime.
Uruguay's previous 11-year foreign income tax exemption, which required only 60 days per year and a modest real estate purchase, has been revised for 2026. The updated rules raise investment thresholds, introduce a physical presence requirement for one option, and bring foreign capital gains into scope, while three qualifying paths to the exemption remain available.
Greece offers foreign retirees a flat 7% tax rate on foreign-sourced income for up to 15 years under its retirement tax regime.
The IRS removed its Delinquent FBAR Submission Procedures webpage on July 1, 2026, without issuing a formal announcement or explanation. The procedure had provided a path for taxpayers to submit late FBAR filings without penalty under certain conditions.
A small number of jurisdictions remain outside the Common Reporting Standard's automatic exchange of financial information. The article identifies these countries and outlines residency or citizenship pathways available in each.
US-source dividends are subject to a 30% withholding tax regardless of where the recipient resides, including in zero-income-tax jurisdictions like Monaco and Dubai. Countries with lower headline tax rates but active US tax treaties may result in a lower effective tax rate on such income.
Turkey provides a 20-year tax exemption for certain property investments in Istanbul, which can also qualify investors for a fast-track citizenship route. Istanbul's serviced apartment market is cited as one vehicle for meeting the investment threshold.
Several countries have increased the minimum investment requirements for residence and citizenship by investment programs: Montenegro now requires a โฌ150,000 minimum tax value, Uruguay has raised its property investment threshold to $2 million, and Andorra now requires โฌ1 million plus fees. The increases are attributed to high application volumes and rule-bending by applicants.
The video discusses citizenship-based taxation as a potential development affecting high-net-worth individuals and their international tax planning strategies.
Italy's Article 24-ter flat tax regime offers foreign retirees a 7% rate on all foreign income for up to ten years. The article covers recent changes to the scheme and the conditions required to qualify.