Friday October 31, 2014 Search
Weather | Athens
18o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Hardouvelis ready to make changes to property tax after MP talks

Finance Minister Gikas Hardouvelis held talks on Friday with concerned New Democracy and PASOK MPs and pledged to make changes to the unified property tax (ENFIA) that would reduce the burden on taxpayers.

Sources told Kathimerini that Hardouvelis is set to change the way in which the ministry taxes agricultural holdings in some 4,000 areas for which there are no so-called objective values, which authorities use to calculate how much tax owners have to pay.

It appears that the ministry will use two methods for calculating the tax due on these holdings – one will be the one it is using at the moment and the other the one it relied on last year to calculate the old property tax, known as FAP. The method that produces the lowest tax burden in each case will be applied. It is estimated that this will lead to the owners of these plots of land paying a total of 167 million euros less in tax than they were originally asked to.

New Democracy lawmakers who met with Hardouvelis also said that he is considering applying a 25 to 30 percent discount on properties that are not being rented out and which do not have electricity. This would save taxpayers some 100 million euros. However, Finance Ministry sources were skeptical about whether the government will be able to make this concession.

The coalition is aiming to collect 2.4 billion euros from ENFIA, down from the 2.65 billion initially calculated.

Kathimerini understands that the government has decided to extend the number of installments to six, with the last one due in February. Originally, there had been four installments, with the final payment coming before the end of the year. The government does not want to extend the payment deadline beyond February because it fears that this would lead to the total tax burden on Greeks next year being too big.

New Democracy MPs said they asked Hardouvelis to examine the possibility of providing more installments for households who are having trouble paying.

It is expected that the government will next week submit to Parliament the amendment needed to be passed by MPs so the way ENFIA is levied can be changed.

ekathimerini.com , Friday August 22, 2014 (22:46)  
Ministry swap halts talk of reshuffle as reforms eyed
Turkish-Greek cooperation in Aegean helps stem flow of migrants
Holocaust memorial in Athens vandalized
Municipalities damaged by floods to start receiving compensation
Cyprus ruling opens way for bailout funds
The Supreme Court of Cyprus on Friday ruled as unconstitutional four bills on bank foreclosures whose passage by Parliament prompted international lenders to halt payments on the country’s 1...
Yields on Greek debt fall 22 basis points
Peripheral European government bond yields fell on Friday as a surprise decision by the Bank of Japan to expand its monetary stimulus saw investors pile into riskier assets. Yields on Spanis...
Inside Business
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
SOCCER
Berg returns to add spice to Panathinaikos´s Cup win
The second round of games for the group stage of the Greek Cup produced plenty of interesting games and results in midweek, but it still lags the upset potential that the knock-out stages of...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ministry swap halts talk of reshuffle as reforms eyed
2. Cyprus ruling opens way for bailout funds
3. Turkish-Greek cooperation in Aegean helps stem flow of migrants
4. Yields on Greek debt fall 22 basis points
5. Holocaust memorial in Athens vandalized
6. Piraeus Bank paves way for share capital increase
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Archaeologists find underground vault at Amphipolis tomb
3. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
4. Germany’s 10-year bonds decline before euro-area inflation data
5. Greek retail sales rise for third month in a row
6. New defense minister to be appointed without reshuffle
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.