2.1ÌýÌýÌýÌý Withholding of Income tax
Tax is withheld by the employer from employment income, but the tax deduction may take into account the taxpayer's other income. The employee presents their employer with their TD59 form, which is integral to the processing of the payroll calculations. See 2.1.1.
The withholding calculation is described in 2.1.2.
2.1.1ÌýÌýÌýÌý Employee's TD59 form to be provided to employer
For the employer to be able to process the tax calculation, the employee needs to provide Form TD59 to their employer in January of every year (before the preparation of January's payroll) or at the commencement of employment if employment starts later in the year. The TD59 form is updated every year by the tax authorities and is available both in Greek and English.
In the TD59 form, the employee needs to declare all income they expect to receive/generate within the year from all sources, other than income from the employment relationship,
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Web page updated on 17 Mar 2025 15:42