Net profit is : _______

Pension Insurance €0.00
Profit Before Taxes €0.00
Income Tax €0.00
Fix Business Tax Fee €0.00
Profit After Tax €0.00
Clearing Prepaid Tax €0.00
Remaing Income €0.00
Remaining Income
1st Year2nd Year

Previous Year Net Profit Before Taxes

is the difference between revenue - expense before deduct the taxes the previous year, if you start the business this year enter 0, Previous Year Net Profit Before Taxes (EBIT) field. Attention for 2018 pension insurance is added in the Previous Year EBIT field and only for 2017 there is 15% reduction on the base of calculation insurance taxes.

  • 2017 EBIT previous year = Earnings 2016 - Expenses 2016 - Insurance Expenses 2016
  • 2018 EBIT previous year = (Earnings 2017 - Expenses 2017 + Insurance Expenses 2017)*0,85
  • 2019 EBIT previous year = Earnings 2018- Expenses 2018 + Insurance Expenses 2018
Source: Number. 25599/1453/2017 Modification 61502/3399/30.12.2016 [ 07-06-2017 ]

Pension insurance

is calculated based on the net profits of previous year, so you have to input the net profits of previous year so you can calculate pension insurance of this this years. If you have zero profit or loss, the calculation of pension insurance for the present year will have as base the minimum wage of non married worker over 25 years old which is 650 € else the calculation is 20% pension insurance plus 6.95% health care insurance on previous year EBIT.

Source: Αριθμ. οικ. 61502/3399 (ΦΕΚ Β' 4330/30-12-2016) (11-01-2017)

Since 2019 the insurance for pension is reduced from 20% to 13.33%, for new business for the first 5 years the lowest threshold is calculated based on 70% of minimum wage of a single workder above 25 years old.

Prepaid tax

means that every year you should prepaid the profit tax and for the next year taking as base profit of this year, if next year there is some difference it should be clearing. Let' take an example if you are a new business the first year of operations profit tax is about 3000 € there is 100% prepaid tax so you have to paid another 3000 € totaling 6000 €. Next year if your profit are less, and the tax is 2000E the prepaid tax is another 2000 € you should pay 4000 € in total but you have a return from the previous year 3000 € so your total clearing it will be 1000Euros


according to the greek tax system freelancer are the professionals such as physician, dentist, veterinary surgeon, physiotherapist, biologist, psychologist, midwife, lawyer, dickle, notary, unremunerated mortuary, bailiff, architect, engineer, topographer, chemical, agronomist, geologist, forester, oceanographer, designer, journalist, guide, artist, sculptor or painter or cartoonist or engraver, actress, musician, dancers, choreographers, economist, analyst, programmer, researcher or business consultant, accountant or tax consultant, actuary, sociologist.

Source: άρθρο 48 παρ. 1 (Ν.2238/1994)

Fix Business Tax Fee

(telos epitidevmatos) is a special tax that applies to freelancers and single business owners when running their business over 5 years. It's 650€ and you have to pay it even if you have zero revenue or you have loses.

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