Author Topic: ENFIA replaces property tax  (Read 119863 times)

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Offline HiFi

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Re: ENFIA replaces property tax
« Reply #125 on: Wednesday, 05 September, 2018 @ 11:42:33 »
Ours were sent to us by our accountant......

Offline Bryan-in-Kilkis

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Re: ENFIA replaces property tax
« Reply #126 on: Wednesday, 05 September, 2018 @ 12:45:15 »
Ours is identical to last year. Phew........

Can you remind me where to find this years values please?

If you can use the Taxisnet site (https://www1.gsis.gr/taxisnet/mytaxisnet), where you need to log on (username and password), it is available under Προσωπική Πληροφόρηση --> Στοιχεία οφειλών εκτός ρύθμισης και πληρωμή.

Offline Alan + Ceann

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Re: ENFIA replaces property tax
« Reply #127 on: Sunday, 09 September, 2018 @ 13:58:19 »
Would anyone know please if we are eligible to pay ENFIA if our property is not complete, it has no electricity, no bathroom and no kitchen as yet and we spend less than 5 weeks a year there? Or is there any discount ?

Many thanks
Alan & Ceann

Offline HiFi

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Re: ENFIA replaces property tax
« Reply #128 on: Tuesday, 11 September, 2018 @ 10:11:10 »
You need to speak to your accountant for the answer (if you don't have one I would suggest you get one).
I don't know the answer but if I was guessing I would say the answer is yes, irrespective of it's condition or amount of use.

Offline Maik

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Re: ENFIA replaces property tax
« Reply #129 on: Tuesday, 11 September, 2018 @ 11:35:10 »
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ENFIA cuts are not for everyone

The government is planning a further shift of the tax load to medium-sized and large property ownerships as it has promised to ease the burden on less expensive neighborhoods. Yet even the owners in the latter areas will only see small cuts to their Single Property Tax (ENFIA) dues, amounting to no more than 70 euros per annum.

The declared reduction of ENFIA by 30 percent will take place in the next couple of years and will amount to 50 percent for small owners, as Tsipras said.

The ENFIA cuts have been capped at 70 euros per annum, which means that the full discount of 30 percent (up to 70 euros) will apply to owners who pay up to 233 euros per year. Therefore an owner who pays 400 euros would have qualified for a discount of 120 euros (30 percent), but the 70-euro ceiling means the ENFIA cut will only take his/her dues to 330 euros – i.e. a 17.5 percent discount.

The situation is much worse for owners who pay ENFIA in excess of 700 euros per year. The law deprives them of any discount, and due to the expected change of the structure of ENFIA into a Large Property Tax (known since 1997, when it first applied as FMAP), they may well have to pay even more for their assets.
http://www.ekathimerini.com/232492/article/ekathimerini/business/enfia-cuts-are-not-for-everyone

Offline Maik

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Re: ENFIA replaces property tax
« Reply #130 on: Friday, 14 September, 2018 @ 13:04:02 »
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ENFIA shift with polls in mind

The government has planned changes to the Single Property Tax (ENFIA) with an eye to the upcoming election, as the 30 percent reduction announced for 2019 will only concern owners of real estate assets valued at up to 60,000 euros.

The majority of property owners however will either see a smaller reduction to their ENFIA dues or no change at all, as owners of real estate assets adding up to at least 200,000 euros – i.e. medium-sized and large properties – will not enjoy any cuts at all.

According to the plan that was presented to the representatives of the country’s creditors this week, the reductions to ENFIA will be as follows:
http://www.ekathimerini.com/232595/article/ekathimerini/business/enfia-shift-with-polls-in-mind

Offline Maik

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Re: ENFIA replaces property tax
« Reply #131 on: Saturday, 15 September, 2018 @ 13:21:48 »
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ENFIA load to be shouldered again by usual property owners

According to the government’s plans, the bulk of the new, reduced Single Property Tax (ENFIA) will yet again be paid by owners of medium and large real estate assets.

After Prime Minister Alexis Tsipras announced the ENFIA plans at the Thessaloniki International Fair last weekend, it became clear that next year’s 30 percent reduction will only apply to those with properties valued at up to 60,000 euros, while those with assets worth more than 200,000 euros will see no cuts at all. And according to what the government has presented to its creditors, the imbalance will continue into 2020.

The ministry’s plans for 2020 foresee a 50 percent reduction in the ENFIA dues of owners of properties worth up to 60,000 euros – compared to 2018 – and a discount of 40.8 percent for owners of assets worth 60,001-100,000 euros.

The percentage of the cuts is set to drop as the property value rises.
http://www.ekathimerini.com/232607/article/ekathimerini/business/enfia-load-to-be-shouldered-again-by-usual-property-owners

Offline Maik

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Re: ENFIA replaces property tax
« Reply #132 on: Wednesday, 21 November, 2018 @ 21:42:36 »
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ENFIA relief only for those who pay little

Instead of abolishing the Single Property Tax (ENFIA), or at least revamping it, the government is only reducing it slightly for the majority of owners next year, by an average of 50 euros per annum for those with assets worth up to 150,000 euros. Owners of larger properties, typically the middle classes, will enjoy practically no tax relief in 2019.
http://www.ekathimerini.com/234891/article/ekathimerini/business/enfia-relief-only-for-those-who-pay-little

Offline Maik

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Re: ENFIA replaces property tax
« Reply #133 on: Wednesday, 28 November, 2018 @ 11:14:53 »
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ENFIA to be significantly reduced for over 5.5 million property owners

Uniform Real Estate Ownership Tax (ENFIA) will be significantly reduced for over 5.5 million property owners.

The reduction comes to 30 percent for real estate up to 60,000 euros, according to an amendment tabled in Parliament by the Finance Ministry.
https://int.ert.gr/enfia-to-be-significantly-reduced-for-over-5-5-million-property-owners/


60,000 € isn't a lot for real estate but, hm, elections ahead?

Offline Maik

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Re: ENFIA replaces property tax
« Reply #134 on: Tuesday, 04 December, 2018 @ 10:54:37 »
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Confusion over ENFIA reduction for properties above 60,000 euros

Parliament may have voted late last month for the average taxpayer to pay 10 percent less in next year’s Single Property Tax (ENFIA), easing the load on small property owners, but the Finance Ministry has still not published the formula according to which the tax is calculated, so no one is able to actually plan how much money they’ll need to put by for it.

The clause that was voted provides that if the total value of an individual’s property assets comes to 60,000 euros, “the ENFIA due is reduced 30 percent, and for every 1,000 euros of value above 60,000 euros the discount is reduced by 0.70 euros, and cannot exceed 100 euros.” Neither professionals in the real estate sector nor accountants understand the clause, particularly how the discount is reduced for properties worth more than 60,000 euros.
http://www.ekathimerini.com/235308/article/ekathimerini/business/confusion-over-enfia-reduction-for-properties-above-60000-euros

Offline Maik

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Re: ENFIA replaces property tax
« Reply #135 on: Thursday, 16 May, 2019 @ 09:08:28 »
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Discount cap set at 100 euros for this year’s ENFIA dues

The promised Single Property Tax (ENFIA) discount will have a ceiling of 100 euros per owner, according to an amendment tabled in Parliament for a Health Ministry bill on Wednesday.

At the same time, the government is expanding the number of property owners who will be able to secure a tax reduction.
http://www.ekathimerini.com/240529/article/ekathimerini/business/discount-cap-set-at-100-euros-for-this-years-enfia-dues

Offline Maik

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Re: ENFIA replaces property tax
« Reply #136 on: Tuesday, 16 July, 2019 @ 02:12:24 »
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ENFIA to be cut by 30 pct in two years

The new tax bill that the Finance Ministry plans to submit to Parliament by the end of the month will provide for the reduction of the Single Property Tax (ENFIA) by about 30 percent for all owners within a couple of years, starting from 2020.

According to sources, the changes to property taxation that will start applying as of next year foresee a horizontal 20 percent reduction in 2020 and a further 10 percent in 2021.
http://www.ekathimerini.com/242566/article/ekathimerini/business/enfia-to-be-cut-by-30-pct-in-two-years

Offline Maik

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Re: ENFIA replaces property tax
« Reply #137 on: Tuesday, 23 July, 2019 @ 22:34:35 »
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ENFIA cut to benefit everyone

The taxpayers who bore the brunt of Greece’s fiscal streamlining over the past five years will be getting a much-needed break as of this year, paying lower taxes on their real estate assets.

A bill that will be tabled in Parliament in the coming days will provide for a 20 percent reduction to the Single Property Tax (ENFIA) for mid-scale assets, 10 percent for large assets and 30 percent for small properties. The cut will concern both the main and the supplementary tax, which means that all owners will benefit from the ENFIA reduction.

According to the new legislation to be voted next week, the changes to the ENFIA tax will apply as of this year.
http://www.ekathimerini.com/242869/article/ekathimerini/business/enfia-cut-to-benefit-everyone

Offline Maik

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Re: ENFIA replaces property tax
« Reply #138 on: Sunday, 28 July, 2019 @ 12:57:21 »
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Do you own property in Greece? ENFIA property tax is about to get easier
https://neoskosmos.com/en/142278/do-you-own-property-in-greece-enfia-property-tax-is-about-to-get-easier/

Offline Maik

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Re: ENFIA replaces property tax
« Reply #139 on: Friday, 16 August, 2019 @ 15:10:32 »
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ENFIA bills to be posted on Taxisnet by August 31

Single Property Tax (ENFIA) bills will be posted on the Taxisnet platform by August 31, the Independent Authority for Public Revenue (IAPR) said Wednesday.
http://www.ekathimerini.com/243609/article/ekathimerini/business/enfia-bills-to-be-posted-on-taxisnet-by-august-31

Offline Maik

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Re: ENFIA replaces property tax
« Reply #140 on: Thursday, 10 October, 2019 @ 16:20:03 »

Offline Maik

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Re: ENFIA replaces property tax
« Reply #141 on: Monday, 21 October, 2019 @ 01:13:56 »
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Correcting inequalities in property tax

The Finance Ministry is seeking to remedy some serious inequalities in property taxation over the coming months in cooperation with real estate associations, part of another effort to adjust the property rates used for tax purposes and known as “objective values.”

This concerns various asymmetric methods in the calculation of values as well as the Single Property Tax (ENFIA), placing an excessive tax burden on properties (especially older ones) in major cities, while luxurious mansions or plots of land by the sea have very low taxation, benefiting from the fact they have been left out of the objective value calculation system.

A typical example of uneven property taxation is seaside plots in areas of high tourism interest. These properties – despite their increased commercial significance – are treated by the tax authorities as farmland. For instance, at the moment there is an 8,000-square meter plot near Santa Maria beach on the island of Paros, in the Cyclades, for sale for 460,000 euros with a building permit for the construction of houses totaling 400 square meters. The objective value of the plot comes to 134,000 euros, and the annual property tax is just 21 euros.

According to property market professionals, the reason the property taxes of countryside homes are so low is that 90 percent of the properties for sale on the islands are outside town planning, therefore the zone rates (through which ENFIA is calculated) are particularly low. On the other hand, countryside homes in Greece are also the most attractive to foreign buyers.
http://www.ekathimerini.com/245695/article/ekathimerini/business/correcting-inequalities-in-property-tax

Offline Maik

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Re: ENFIA replaces property tax
« Reply #142 on: Thursday, 24 October, 2019 @ 02:39:26 »
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Poorest section of population has benefited most from ENFIA cut

The weaker financial classes stand to benefit the most from the 2020 budget, having already enjoyed the biggest benefit this year from the Single Property Tax (ENFIA) cuts, Finance Minister Christos Staikouras told a parliamentary committee on Wednesday.

Addressing the Economic Affairs Committee, which is examining next year’s budget, Staikouras said last year’s horizontal cut to ENFIA dues “gave much to many,” but especially the weakest financially, as well as the middle classes.

“The reduction seen by 7.2 million citizens with properties worth up to 500,000 euros accounted for 86 percent of the total tax relief. Those owning properties up to 200,000 euros enjoyed 67 percent of the total reduction. At the same time, 474,000 Greeks with a property worth in excess of 200,000 euros have benefited from the cuts this year, while according to the previous government’s regulation they would have had no benefit at all,” Staikouras said.
http://www.ekathimerini.com/245808/article/ekathimerini/business/poorest-section-of-population-has-benefited-most-from-enfia-cut

Offline Maik

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Re: ENFIA replaces property tax
« Reply #143 on: Friday, 01 November, 2019 @ 09:26:45 »
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New ENFIA cuts seen next May

The amount of additional revenues the government projects it will collect from the inclusion of new areas in the objective values system will determine the size of the new Single Property Tax (ENFIA) reductions planned for 2020.

The Finance Ministry’s plans in this second ENFIA cut in as many years mainly concern small and medium-sized properties, mostly located in areas where objective values – the property rates used for tax purposes – are low compared to market prices.
http://www.ekathimerini.com/245986/article/ekathimerini/business/new-enfia-cuts-seen-next-may

Offline Maik

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Re: ENFIA replaces property tax
« Reply #144 on: Saturday, 30 November, 2019 @ 19:23:14 »
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Luxury homes to get ENFIA hikes

Owners of luxury properties will see their Single Property Tax (ENFIA) bill grow, as the government will introduce criteria related to the quality of construction and this will be one of the parameters that determine the taxable rate of each property, known as the “objective value.”

Therefore, luxury properties will have a higher objective value than simpler constructions of the same age on the same street.
http://www.ekathimerini.com/247026/article/ekathimerini/business/luxury-homes-to-get-enfia-hikes

Offline Maik

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Re: ENFIA replaces property tax
« Reply #145 on: Saturday, 07 December, 2019 @ 10:42:32 »
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Parliament ratifies new taxation bill

Concerning the unified property tax (ENFIA), Staikouras said that lower incomes will see a 23 pct cut, middle incomes will pay 16 pct less and higher incomes will see a 7 pct reduction.
http://www.ekathimerini.com/247288/article/ekathimerini/business/parliament-ratifies-new-taxation-bill

Offline Maik

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Re: ENFIA replaces property tax
« Reply #146 on: Thursday, 19 December, 2019 @ 13:43:44 »
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New property tax cut on the way

mplementing its pre-election pledges earlier than originally announced, the government will proceed with a new reduction in the ENFIA property tax in 2020.

Speaking in Parliament on Wednesday, the third and final day of debate to approve next year’s budget, Prime Minister Kyriakos Mitsotakis said that when next year’s budget is voted on, the reduction will be by an average rate of 8 percent, while overall cuts in the two-year period 2019-20 will reach 30 percent.

For example, someone who paid 500 euros for ENFIA in 2018 will pay 350 euros in September 2020 – a 150-euro cut.
http://www.ekathimerini.com/247719/article/ekathimerini/news/new-property-tax-cut-on-the-way

Offline Maik

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Re: ENFIA replaces property tax
« Reply #147 on: Monday, 03 February, 2020 @ 03:02:17 »
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Objective values are likely to grow by 20 percent on average

Property surveyors commissioned by the Finance Ministry to recommend new zone rates aimed at matching market prices are expected to submit proposals for a rise in taxable rates – known as objective values – that would be higher by 30-35 percent in Attica and the country's most popular tourism destinations.

In any case, however, it appears that the new rates which will be used for this year’s Single Property Tax (ENFIA), and probably from January 2021 for property transactions as well, will be 20 percent higher on average. Just a few areas are set to see reductions... while major hikes are anticipated in the areas currently outside the system of objective value assessment.

The average growth of objective values by 20 percent – a forecast that also converges with estimates by the country’s creditors who expect the taxable value of Greeks’ property to rise by about 100 billion euros – will split owners into two categories.

The first category will comprise those who will pay less ENFIA.

The second category concerns owners who will pay more ENFIA in 2020 than last year: The general reduction of ENFIA will be offset for them by the increase to their zone rates by over 30 percent.
http://www.ekathimerini.com/249118/article/ekathimerini/business/objective-values-are-likely-to-grow-by-20-percent-on-average

Offline Maik

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Re: ENFIA replaces property tax
« Reply #148 on: Friday, 10 April, 2020 @ 09:31:31 »
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Landlords set to get ENFIA cut

The government is considering a 25 percent discount on this year’s Single Property Tax (ENFIA) dues for owners who will suffer a loss in income following the state’s decision to reduce the rents paid by corporations and households suffering directly as a result of the coronavirus restrictions by 40 percent.
http://www.ekathimerini.com/251509/article/ekathimerini/business/landlords-set-to-get-enfia-cut

Offline Maik

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Re: ENFIA replaces property tax
« Reply #149 on: Monday, 13 April, 2020 @ 15:37:08 »
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Tax cut 5-10 pct if paid at once

Among the measures set to apply horizontally is a 5-10 percent discount on the income tax of all individuals and businesses that pay their dues in a lump sum by the deadline for the first installment – whenever that may be.

A similar discount of 5-10 percent on ENFIA is being planned for property owners, again when paid at once before the first tranche’s deadline. ENFIA is calculated about a month after the processing of income tax statements is completed. The first installment is due by end-September, but this year it may be put off to end-October. If the government resorts to this measure too, taxpayers could earn up to 250 million euros. A 25 percent discount is being prepared for landlords if their tenants have been hurt by the crisis and are among those who pay 40 percent less rent.
https://www.ekathimerini.com/251629/article/ekathimerini/business/tax-cut-5-10-pct-if-paid-at-once