Wednesday March 4, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
New property tax details out

Taxpayers will be able to pay off the newly introduced unified property tax (ENFIA) in six installments, while revisions to the tax rates for 4,000 residential areas around Greece will also be made, the government decided on Tuesday, offering some clarity to one of this summer’s most controversial issues.

Meeting in Athens, Prime Minister Antonis Samaras, his deputy and coalition partner Evangelos Venizelos, and Finance Minister Gikas Hardouvelis also decided that owners of property currently not rented out, or not connected to the electricity grid, would not be granted any ENFIA discounts for this year.

The revisions to ENFIA, which replaces the so-called FAP tax and a levy paid via electricity bills, will be tabled in Parliament Wednesday or Thursday – most probably the latter – with the objective of relaunching the new tax in mid-September following a disastrous first attempt several weeks ago.

Taxpayers around the country were alarmed by ENFIA amounts well above expected levels. The government swiftly acknowledged that numerous calculation errors had been made. It put tax payments on hold, advising people to wait for corrections to be released as well as new payment deadlines.

Based on the revisions decided Tuesday, the deadline for the first of six monthly ENFIA installments was extended by a month, until the end of September, with the final installment to be expected by the end of February.

In other revisions, exemption procedures for vulnerable social groups, including the disabled, will be simplified, it was announced. Also, properties on the Ionian island of Cephalonia, which was struck by a major earthquake in February, have been exempted from the new ENFIA property tax for a year. The same will also apply to properties in other parts of the country affected by other earthquakes and consequently put out of use.

Following the latest revisions, the 2014 ENFIA is worth 3.2 billion euros, although the government is targeting the collection of 2.65 billion. While the revisions made to the 4,000 residential areas reduced the final tally by 165 million euros, the government anticipates it will benefit from an increased collectibility rate, now estimated at 88 percent, from 82 percent initially.

ekathimerini.com , Tuesday August 26, 2014 (22:36)  
Four-star hotels more profitable than five-star units
All personal finance data to be studied
Fitch in new downgrade warning
Flambouraris: Bank boards have been told to quit
Greek-Turkish diplomacy set to resume after Ankara ´mistake´
Talks between Greek and Turkish diplomats are expected to resume soon with a focus on easing tensions in the Aegean after Ankara said it had mistakenly issued a notice to reserve a large chu...
Laws separating drug dealers from users ‘not applied’
Legal provisions distinguishing major drug dealers from users are not being properly applied, according to the Therapy Center for Dependent Individuals (KETHEA), which said recovering addict...
Inside News
SOCCER
Marinakis fines Olympiakos players
Olympiakos president Evangelos Marinakis on Monday fined the team 500,000 euros for disappointing performances and called on them to make a «sacrifice» to win trophies or leave. "Olympiakos ...
SOCCER
Olympiakos´s Karembeu confident UEFA on top of racism
Olympiakos strategic advisor Christian Karembeu expressed his confidence on Tuesday that UEFA are getting to grips with racism in soccer after suffering abuse during the recent Greek derby a...
Inside Sports
COMMENTARY
Greece and the four month window of opportunity
As the dust begins to settle after the Eurogroup agreement extending the loan facility to Greece by four months, it is a good moment to have a look at where we should go from here. Much has ...
COMMENTARY
The Greek tax drama
Numbers alone can never interpret reality, not even a strictly financial one. Besides, the art of creative accounting has a number of fans in this country, many more, for the time being, tha...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Four-star hotels more profitable than five-star units
2. All personal finance data to be studied
3. Fitch in new downgrade warning
4. Flambouraris: Bank boards have been told to quit
5. Talks with Brussels on reforms for cash
6. Greek-Turkish diplomacy set to resume after Ankara ´mistake´
more news
Today
This Week
1. The Greek tax drama
2. Varoufakis to make six reform proposals at Monday's Eurogroup
3. Draghi’s QE moves to starting line as economic outlook brightens
4. Greece approved as recipient of EBRD funding through 2020
5. Convicted Conspiracy of the Cells Fire member to face magistrate
6. Investor survey shows 38 pct chance of eurozone break-up in 12 months
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. A fierce battle looms
3. SYRIZA feeling the pain
4. The Greek tax drama
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Advertiser Link
“AMF” PROJECT FINAL CONFERENCE-REGIONAL UNIT OF THESPROTIA
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.