BUSINESS

No end to ENFIA tax before 2031 at the earliest

TAGS: Property, Taxation

The new investment incentives bill submitted in Parliament on Friday contained the shocking presumption that the Single Property Tax (ENFIA) will remain until at least 2031.

The supplementary report assessing the impact of the new bill’s regulations estimates state revenues from the operation of the investments enjoying the new incentives at 1.45 billion euros up to 2031.

Ruling party SYRIZA had promised to abolish ENFIA – originally an extraordinary levy – but after it was voted in it has passed laws that have made it permanent.

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