How are pensions taxed under the Greece-Italy tax treaty?
Under the Greece-Italy tax treaty, private pensions are generally taxable only in the country of residence — meaning no withholding tax applies at source (0%). This is favorable for retirees who have moved between the two countries, as their pension income will not be subject to double taxation. Government pensions may have different rules under a separate treaty article. This 0% rate compares to a median of 0% across Greece's 29 active treaty partners, and 0% across Italy's 47 active partners.
Network Comparison
Greece
Rank 20 of 29 active treaties (lowest rate = #1)
Lower rates with: Ireland (0%), Israel (0%), India (0%)
Higher rates with: South Korea (0%), Netherlands (0%), Norway (0%)
Italy
Rank 19 of 47 active treaties (lowest rate = #1)
Lower rates with: Finland (0%), France (0%), United Kingdom (0%)
Higher rates with: Hong Kong (0%), Hungary (0%), Indonesia (0%)