ECONOMY

New bill sought for property tax

The Finance Ministry is examining ways of taking the special property tax off electricity bills and having it paid through tax offices or even banks.

The problems that energy companies — mainly Public Power Corporation (PPC) — are facing have forced the ministry to undertake the mission of the property tax slips.

A top ministry official told Kathimerini that ?the issue of the special tax payment has frozen and all signs suggest that PPC will be relieved of the duty.?

The payment slips will not be drawn up using information from the ministry?s database, as it does not have the updated details of property owners and it would also take at least 12 months for the tax to be calculated. The law will also have to change as currently the tax is based on data possessed only by PPC.

The same official says that the only solution is for the General Secretariat of Information Systems to undertake the tax calculation and for electricity consumers to pay the levy at banks and tax offices. Estimated revenues for 2012 come to 2.9 billion euros.