Saturday October 25, 2014 Search
Weather | Athens
19o C
12o 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 years calculation is higher. For instance, the taxable value of a 706-square meter land plot on the island of Cephalonia will remain at last years 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 Ministrys 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)  
Nicosia says reforms are bringing results
TAIPED waits for green light from Eurostat
Trade deficit shrinks on big drop in imports
SMEs unable to claim subsidies
Samaras pledges action after flash floods in Athens
Authorities began on Saturday assessing the damage done by flash floods in various parts of Athens a day earlier, with Prime Minister Antonis Samaras pledging that all those affected would b...
No court hearings for civil cases
Greek courts are to stop conducting hearings, which include witness questioning, for civil cases, according to plans drawn up by the Justice Ministry. Kathimerini understands that in a bid t...
Inside News
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
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 ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greeces lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greeces lenders seem adamant that govt must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Banks need to step up
3. Nicosia says reforms are bringing results
4. Samaras pledges action after flash floods in Athens
5. No court hearings for civil cases
6. Two small boats sink at Lavrio port
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greeces closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.