Friday October 31, 2014 Search
Weather | Athens
18o C
13o 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)  
Power rates soared 60 pct in six years
NBG chairman sees risks to recovery
Greek consumers shift toward money saving
IMF could offer know-how in backup plan for Greece
A year after GD members shot dead, police have no leads
A year after two members of neofascist Golden Dawn were shot dead outside the party’s offices in Neo Iraklio, north of Athens, police sources admitted that they have no leads to the killers....
No new Manolada trial, court rules
The Supreme Court has decided that four men who stood trial earlier this year for shooting 28 migrant workers at a strawberry farm in Nea Manolada in the Peloponnese should not be retried. S...
Inside News
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...
COMMENTARY
Time is running out in Afghanistan
Thirteen years after the attacks on the Twin Towers and NATO's entry into the war in Afghanistan, things remain pretty much unchanged: Political instability and insecurity  reign in the Cent...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Obradovic watches Greens thrash his Fenerbahce
2. Berg returns to add spice to Panathinaikos´s Cup win
3. Power rates soared 60 pct in six years
4. NBG chairman sees risks to recovery
5. Greek consumers shift toward money saving
6. IMF could offer know-how in backup plan for Greece
more news
Today
This Week
1. Greek euro dilemma is back as minister predicts volatility
2. Students hijack university senate meeting
3. Clientelism belongs to the past, says Mitsotakis
4. European stocks tumble as banks decline after Enria’s comments
5. Civil servants to be investigated for transferring money abroad
6. Over 1,500 buildings and vehicles damaged in flash floods
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.