Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Coalition mulls property tax changes

The single property tax (ENFIA) and the errors it contains are expected to top the agenda of a meeting between Finance Minister Gikas Hardouvelis and New Democracy lawmakers on Friday, as the government prepares to make changes to the levy that should ease the burden on thousands of taxpayers.

Prime Minister Antonis Samaras’s adviser Chrysanthos Lazaridis is expected to accompany Hardouvelis at Friday’s meeting. It is an indication of the importance that the coalition attaches to the tax in the wake of the errors that were uncovered earlier this month which led to many taxpayers being overcharged.

The mistakes prompted concern among New Democracy and PASOK deputies, who feared a backlash from disgruntled constituents. PASOK officials are expected to present Hardouvelis with the party’s recommendations for changes to ENFIA. These include altering the so-called objective values used by tax authorities to calculate how much a property is worth.

The junior coalition partner also wants Hardouvelis to decide on the number of installments taxpayers will have to pay the levy.

The Hellenic Statistical Authority (ELSTAT) informed the government this week that it could extend the period it has to collect the tax. The government asked ELSTAT if it could allow more time for taxpayers to make their payments without it affecting the coalition’s drive to meet fiscal targets.

ELSTAT responded that any revenues collected by March next year would be recorded in this year’s budget. This means the government could allow taxpayers to pay in seven monthly installments rather than four.

So far, the government has only given taxpayers an extra month, until the end of September to pay their first installment, with the last having to be paid by the end of the year.

The coalition is aiming to collect 2.4 billion euros from ENFIA, down from the 2.65 billion initially calculated. However, the government is considering tweaks that include using two methods to calculate what each taxpayer has to pay and then opting for what produces the lowest amount in each case. This could lead to the total amount that could be collected declining by around 150 million euros.

ekathimerini.com , Thursday August 21, 2014 (20:22)  
Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
Cyprus president to be released from hospital on Friday following readmission
Clocks to go back 1 hour on Sunday
Woman killed in tram accident in Floisvo, south of Athens
ECB bank assessment to show 6-billion-euro capital gap, Citi says
The euro area’s biggest banks will show a 6 billion-euro ($7.6 billion) capital gap in the European Central Bank’s tests of the quality of their assets and ability to withstand economic shoc...
ECB vies for third time lucky in European stress tests
For the European Central Bank, success as the euro area’s financial supervisor may begin this weekend with a few failures. At noon in Frankfurt on October 26, investors will learn which of t...
Inside Business
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. ECB bank assessment to show 6-billion-euro capital gap, Citi says
2. Venizelos slams Turkey for ´flagrant violation of international law´ off Cyprus
3. ECB vies for third time lucky in European stress tests
4. Cyprus president to be released from hospital on Friday following readmission
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. Clocks to go back 1 hour on Sunday
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. Cyprus president to be released from hospital on Friday following readmission
4. Cyprus GDP upgrade seen as boosting bailout exit plans
5. ECB vies for third time lucky in European stress tests
6. ECB bank assessment to show 6-billion-euro capital gap, Citi says
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Coalition shooting itself in the foot
3. Greece’s closed society is central to its current malaise
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.