TAXATION

problems-in-new-tax-form-submission
TAX STATEMENTS

The health crisis has affected the smooth submission of tax declarations, frustrating taxpayers and accountants this year as many are unable to complete the procedure.


finance-ministry-beats-local-authorities-reluctance
PROPERTY TAXATION

The agencies of the Finance Ministry beat the reluctance of local authorities and managed to obtain details about the market prices and zone details of numerous areas around the country so as to calculate the taxable rates, known as “objective values” and announced a week ago.

tax-breaks-may-continue-until-2025
TAXATION

More tax cuts can be expected as of next year and will likely be reflected in the Midterm Fiscal Strategy Program 2022-25 that the Finance Ministry is about to table in Parliament, possibly within this week.

flurry-of-real-estate-sales-anticipated
PROPERTY

The shifts in the map of taxable rates for properties, known as “objective values,” are expected to send transactions soaring in areas where the biggest hikes are planned to apply from January 2022.


zone-rates-rise-8-on-average
PROPERTY TAXATION

The new property zone rates the Finance Ministry announced on Monday for the entire country showed an average increase of 8% and will start applying from January 2022, allowing interested buyers as well as sellers to study the new rates and act accordingly.

enfia-cuts-for-most-owners
PROPERTY TAXATION

The taxable value of Greek citizens’ real estate property is set to rise by at least 100 billion euros next year, topping €700 billion in total.


enfia-may-skip-zone-hike
PROPERTY TAXATION

The inclusion of 3,500 more zones to the system of official property rates (known as objective values) are leading to the expansion of the tax base, allowing the Finance Ministry to offset the increase of the Single Property Tax (ENFIA) from the upward adjustment of zone rates, mostly in cities but also in villages.

property-buyers-in-a-rush
REAL ESTATE

The new property rates used for tax purposes – known as “objective values” – as well as an earlier deadline for the payment of the Single Property Tax (ENFIA) will go into effect in just six months’ time, affecting activity in the Greek real estate market.



[Intime News]
FINANCE

The platform for the submission of this year’s tax declarations opened on Thursday, and taxpayers will need to be extra cautious in filling in and uploading their statements for 2020 incomes.

exemptions-to-tax-penalties
FINANCE

There will be no 22% penalty for a shortfall of online transactions last year by those aged over 61, for workers on furlough and for professionals who were forced to stop work due to the pandemic or were affected by it based on their activity code number (KAD), the Independent Authority for Public Revenue has decided.


new-objective-values-to-apply-from-2022
PROPERTY TAXATION

The government will announce the new property zone rates for the entire country this summer, but they won’t come into effect until January 2022.

easier-debt-payment-terms-in-the-works
FINANCE

The government is working on a plan in which the number of payment tranches for a variety of tax debts will be increased, as it strives to find ways to get people to pay off the debts they incurred during the pandemic.