Monday April 20, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Payment of first installment of new property tax rolled back by a month

Bowing to the uproar caused by widespread and blatantly unrealistic errors in the calculation of the new single property ownership tax (ENFIA), announced on Monday, the government on Thursday declared that the first payment would be postponed by one month.

“The payment of the first ENFIA installment will be rolled back by a month so that errors are corrected and the necessary adjustments are made without undue tribulation for citizens,” Deputy Prime Minister Evangelos Venizelos said.

The Finance Ministry will table an amendment after the end of the summer recess on August 25, bypassing the exorbitant tax rates calculated in hundreds of districts across the country. The amendment will provide for the application of so-called objective property prices used for taxation purposes last year. And these will apply only if this year’s calculation is higher. For instance, the taxable value of a 706-square meter land plot on the island of Cephalonia will remain at last year’s 29,704 euros, instead of the multiple of 72,417 euros calculated this year. By contrast, the value of a 300 sq.m. plot in eastern Attica will stay at 35,000 euros arrived at this year, instead of the 115,000 euros calculated last year.

According to sources, the Finance Ministry’s responsible departments have yet to find the right formula for the recalculation of ENFIA. The most blatant distortions occurred mainly in rural districts of western Greece.

According to a source, a ministry official warned of the mistakes some 10 days before the new calculations were uploaded on the Internet, but the warning was apparently ignored.

The upheaval is seen as bound to have an adverse effect on budget revenues, as the government had originally budgeted for the collection of 441 million euros every month between July and December this year. The further rollback of the first installment to the end of September creates a shortfall of more than 880 million. This would raise further obstacles in the planned negotiations with the troika in September, when the agenda includes tax cuts for 2015.

ekathimerini.com , Thursday August 7, 2014 (20:00)  
Unclear strategy has everyone puzzled
Piraeus confirms absorption of Panellinia Bank
Social security problem is due to general economic issues
List of revenue measures drafted
Greece will not cross ´red lines´ on debt talks: deputy PM
Greece's deputy prime minister Yiannis Dragasakis said on Sunday that Athens would stand firm on its red lines in negotiations with its creditors for billions in aid, despite escalating fear...
Tsipras says EU needs urgent plan to tackle migrant crisis
Greek Prime Minister Alexis Tsipras urged the European Union on Sunday to urgently come up with a plan to tackle a mounting migrant humanitarian crisis in the Mediterranean. "The Mediterrane...
Inside News
GYMNASTICS
Petrounias wins gold in Europeans
Lefteris Petrounias won his first gold medal in a European Artistic Gymnastics Championship on Saturday finishing first in the rings at Montpellier in France. Petrounias was impeccable in th...
BASKETBALL
Panelefsiniakos is relegated from the Basket League
Panelefsiniakos has become the other team to go down from the Basket League, after Panionios, as in the battle for survival against Korivos Amaliadas it hosted on Saturday it lost to its vis...
Inside Sports
COMMENTARY
The price of compromise
The representatives of the middle-class political world made plenty of compromises over the years and now we are paying the price. The current government’s appointment of failed politicos, u...
EDITORIAL
Premier’s choice
Prime Minister Alexis Tsipras was not elected by the 4 percent that has traditionally formed the hard core of SYRIZA supporters. Greeks may be desperate and exhausted but they still have the...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Petrounias wins gold in Europeans
2. Greece will not cross ´red lines´ on debt talks: deputy PM
3. Tsipras says EU needs urgent plan to tackle migrant crisis
4. Panelefsiniakos is relegated from the Basket League
5. Olympiakos clinches fifth consecutive soccer league title
6. Unclear strategy has everyone puzzled
more news
Today
This Week
1. Coalition ponders next move as talks with lenders resume
2. The price of compromise
3. Greece bailout plan still lacking, ECB chief Mario Draghi says
4. Spike in Syrians seeking asylum in Greece
5. Potami not seeking cooperation with other parties, says leader
6. Panousis skeptical about law allowing early prison release
Today
This Week
1. Quarantine for Greek bank subsidiaries in neighboring countries
2. Greek finance ministry hits back at German newspaper report
3. Time to get serious
4. 'Civil war' brewing over disputed Greek goldmine
5. Putting off payments led to Q1 budget primary surplus
6. Obama calls for flexibility in Greek reform talks in brief exchange with Varoufakis
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.