ECONOMY

Gov’t to reduce emergency property tax rates, minister says

The government will cut the rates of the extraordinary property tax levied via electricity bills, deputy Finance Minister Giorgos Mavraganis said Thursday.

“A reduction has already been decided. We are trying to offer Greek citizens some relief,” Mavraganis said in Parliament following a question by Golden Dawn deputy Ilias Panagiotaros.

The coalition government recently decided to extend the unpopular property tax introduced in 2011 – albeit with a different name – upon the insistence of the country’s international creditors.

The modified tax will too be attached to electricity bills but only for this year. Tax offices will be responsible for collecting the levy from next year.

Mavraganis on Thursday said that citizens failing to pay the property tax did not risk having their electricity cut off.

A final decision was expected in the coming days, he said.