Tuesday October 21, 2014 Search
Weather | Athens
24o C
16o 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)  
Wage dispute hurts gov’t unity before troika return
Most Britons want to see Parthenon Marbles back in Athens, poll shows
Turkey tests Cyprus after research vessel encroaches on offshore gas area
Doctors’ disiplinary panel needs surgery
ANALYSIS
At loggerheads over role of the IMF
The Greek coalition government’s plan for a clean exit from the European Union / International Monetary Fund program was dealt a deadly blow by the markets last week on the back of rising po...
Hong Kong telecom group buys out Greek start-up
Hong Kong-based telecommunications multinational PCCW Global has announced it has bought out Greek start-up Crypteia Networks, aiming to incorporate its products into the group’s portfolio. ...
Inside Business
BASKETBALL
PAOK fans stop coach Markopoulos´s move to Olympiakos
Olympiakos is once again in the lookout for a new coach after the refusal of PAOK to release Soulis Markopoulos, while Panathinaikos defeated Kolossos on Rhodes on Monday to become the only ...
BASKETBALL
Reds lose to Nea Kifissia, search for new coach
Nea Kifissia recorded the biggest win of its short history in the top flight defeating Olympiakos 68-67 on Sunday, in a Basket League weekend marred by the abandonment of the Thessaloniki de...
Inside Sports
COMMENTARY
Stop moaning and get in the game
There are so many people who love spending their days talking about the crisis and proclaiming that they know exactly what needs to be done to solve the country’s problems. Some of them obvi...
EDITORIAL
Exorcising the ghosts
Developments last week held in store an uncomfortably realistic understanding of the risks engulfing the country. The massive sell-off in Greece’s stock and bond markets was a strong shock. ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. PAOK fans stop coach Markopoulos´s move to Olympiakos
2. At loggerheads over role of the IMF
3. Hong Kong telecom group buys out Greek start-up
4. Local tourism could see more arrivals, investments next year
5. Troika exerts pressure using return date
6. Wage dispute hurts gov’t unity before troika return
more news
Today
This Week
1. Greece must stick to reforms, says Schaeuble
2. Bakers encircle Thessaloniki's White Tower with giant 'koulouri'
3. Turkish vessel enters Cypriot Exclusive Economic Zone
4. European leaders pivot back to debt crisis after wake-up call
5. Hardouvelis does not see 'big surprises' in ECB stress tests
6. Stop moaning and get in the game
Today
This Week
1. Possible third figure in Amphipolis mosaic may be uncovered shortly
2. Greece to contribute 1 mln towards Gaza reconstruction
3. Greece nearing bailout exit, says gov't spokesperson after IMF talks
4. Istanbul skyscraper casts shadow over Greece's banking ambitions
5. Coalition shooting itself in the foot
6. GPO poll gives SYRIZA clear lead over New Democracy
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.