Tax deductions

Tax deductions are a measure implemented to reduce income tax. It applies to salaried employees, pensioners and farmers.

Expenses carried out electronically in Greece and abroad (in the EU and the EEA) are calculated towards the tax deductions:

• Payments made with debit, credit and prepaid cards, even additional cards.
• Payment orders and standing orders paid from accounts in which you are the main or the sole holder.

To build up your tax deductions, your online payment receipts must add up to 30% of your income.

In the Tax Deduction of myAlpha Mobile and myAlpha Web, you can:

• See at a glance how your payments with Alpha Bank cards and online payments through e-Banking have contributed to your tax deductions.
• See your expenses broken down into categories, along with a breakdown of the expenses in each category.
• Calculate the minimum amount of expenses you need in order to build up your tax deductions based on your income, and see how much of this amount you have already covered.

Day-to-day expenses

• Food and non-alcoholic beverages.
• Durable goods, household items and services.
• Transport.
• Communications.

Entertainment expenses

• Alcoholic beverages and tobacco products.
• Recreation and culture.
• Hotels, cafés and restaurants.

Miscellaneous expenses

• Clothing and shoes.
• Housing.
• Health.
• Education.
• Other goods and services.

Non-eligible expenses include:

Recurring expenses

• Rent
• Vehicle registration fees
• Payment of registered debts of the State
• Payment of loan instalments
• Payment of card bills

Property purchase expenses

• Purchase of vehicles (cars or motorbikes).
• Purchase of sea vessels or various aircraft.
• Purchase of houses, land or other immovable property.
• Purchase of investment products (shares, bonds etc.).

Miscellaneous expenses

• Transactions made with business cards.
• Transactions made with unidentified prepaid cards.
• Cash transactions.
• Cash withdrawals.
• Transactions made with cards issued abroad.

Yes, as long as they have been charged in the current fiscal year. Any remaining instalments for the same purchase will be eligible for your tax deductions in the following fiscal year.