How is the tax deduction upper limit calculated?

The total amount of the expenses that the taxpayer needs to make in order to build his/her tax deduction, is determined on the basis of his/her taxable income and corresponds exclusively to the taxpayer’s Tax Registration Number (AFM) – in other words, this amount is personal.
The rates for calculating the minimum expenditure required, by category of personal income, are shown in the table below:

Personal Income

Rate (%)
of minimum expenditure using cards
and electronic payment means*

Amount (Euro)
of minimum expenditure using cards
and electronic payment means

Euro 0 - 10,000.00

 Euro 0 - 1,000.00

Euro 10,000.01 - 30,000.00


 Euro 1,000.01 - 4,000.00

Euro 30,000.01 and above

20% and up to Euro 30,000.00

Euro 4,000.01 - 30,000.00

 *The rates of the previous paragraph are applied progressively, so that the rate of the next bracket up is applied only on the amount of the excess income.

 **The maximum expenditure amount for building the tax deduction, irrespective of the level of income, stands at Euro 30,000. 

Learn more about the electronic payment means offered by Alpha Bank which you can use for building your tax deduction.

“My tax deduction”

Log in now to your Alpha Web Banking or Alpha Mobile Banking subscription, to see immediately the minimum amount of expenses that you require, in order to build your tax deduction, according to your annual income.

As soon as you log in to the Service, you can see at a glance the amount of your tax deduction already covered through the payments that you make using the Alpha e-Baning services and your purchases with Alpha Bank cards (which you have declared in your profile). 

In addition, you have at your disposal the “Tax deduction calculation tool”, which by entering your annual income and based on the electronic transactions you have carried out, you can immediately see the covered percentage of your tax deduction upper limit.


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