Let's discuss taxation, retirement, and social rights for long-term immigrants in Greece and Italy. It's crucial information for anyone considering a move.
Agreed. Let's start with Greece. What's the tax situation for someone planning long-term residency?
Greece's tax system is complex. As a resident, you're generally taxed on your worldwide income.
So, no hiding assets? What about retirement?
Retirement benefits depend on your contributions to the EFKA social security system. Minimum contribution periods are required for a full pension.
And social rights?
Greece offers public healthcare, unemployment benefits, and family allowances. Accessing these may involve navigating bureaucracy, so patience is key.
Okay, now Italy. Is the tax system simpler?
Italy's tax system is relatively straightforward, though it has its complexities. Residents are taxed on worldwide income, but favorable tax regimes exist for new residents.
Favorable regimes? What about retirement in Italy?
Italian pensions are based on contributions to the INPS system. Similar to Greece, minimum contribution periods apply.
And the social safety net?
Italy has a comprehensive welfare system, including public healthcare, unemployment benefits, and family support. Again, navigating bureaucracy might be necessary.
So, the main differences? Besides olives versus pasta?
Greece might offer a lower cost of living, while Italy boasts a stronger economy. Italy's system is generally considered more efficient, but Greece is still a viable option.
It sounds like it boils down to paperwork preferences and culinary inclinations!