Wednesday September 24, 2014 Search
Weather | Athens
33o C
20o 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 summers 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)  
Task Force highlights the problems SMEs face
Concern over 329-mln-euro shortfall in state revenues
Rise in tourism arrivals dwarfs gains of regional rivals
OPAP set to be first past the post in race for betting permit
SYRIZA-affiliated Attica governor blocks employee evaluation
Newly installed Attica Governor Rena Dourou is on a collision course with the government after she won a vote on Tuesday calling for the regional authority not to cooperate with the evaluati...
DNA link to three suspects sought for Distomo raid
The fingerprints and DNA of three suspects being sought in connection with an audacious bank robbery in Distomo, in the prefecture of Viotia, in August have been found in an apartment in Nea...
Inside News
TRACK & FIELD
Inside the minds of four Spartathletes
Think you could run 246 kilometers on just figs, olives and dried meat? Well, Greek-American ultra-marathoner Dean Karnazes will attempt to do just that in this weekends Spartathlon race fr...
SOCCER
Santos appointed Portugal manager
Fernando Santos, who led Greece to the last 16 of the World Cup in Brazil, has been appointed Portugal's new head coach, the FPF announced on Tuesday. "Fernando Santos, 59, is the new nation...
Inside Sports
COMMENTARY
A painful curse
It was a curse and a painful one at that. It was a brutal act that brings shame on the person who committed it, on the party which he represents, on the Parliament, on Greece and on everythi...
EDITORIAL
Europes choice
Tuesdays meeting between Greek Prime Minister Antonis Samaras and German Chancellor Angela Merkel in Berlin is of crucial importance. Its hard to deny that Greece has come a long way. The ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Task Force highlights the problems SMEs face
2. Concern over 329-mln-euro shortfall in state revenues
3. Rise in tourism arrivals dwarfs gains of regional rivals
4. OPAP set to be first past the post in race for betting permit
5. Govt moves unilaterally on tax easing
6. SYRIZA-affiliated Attica governor blocks employee evaluation
more news
Today
This Week
1. Trolley bus, metro services to be disrupted Tuesday, Wednesday
2. Venizelos meets American Jewish officials in New York
3. Greek yields hit one-month high as Samaras looks to exit bailout
4. German bond gains push 10-Year yield below 1% on stimulus bets
5. Construction material costs for new residential buildings decrease
6. Supreme Court postpones decision on Finance Ministry cleaning staff
Today
This Week
1. Greece can meet its needs on its own
2. Greece at bottom of social justice scale among EU28
3. Record sum of new debts to the state in August
4. Alexander the Great's tomb not at Amphipolis, says Culture Minister
5. Lessons not learned
6. Loud patriotism
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.