Author Topic: ENFIA replaces property tax  (Read 44930 times)

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Offline Maik

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Re: ENFIA replaces property tax
« Reply #100 on: Friday, 05 May, 2017 @ 17:11:09 »
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Fresh contribution hike lies in store for 1.4 million workers

Fresh demands are about to be made on 1.4 million freelance workers, self-employed professionals and farmers, as according to the new updated bailout agreement, the country’s creditors are insisting on an increase in social security contributions.
http://www.ekathimerini.com/218042/article/ekathimerini/business/fresh-contribution-hike-lies-in-store-for-14-million-workers

Offline Maik

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Re: ENFIA replaces property tax
« Reply #101 on: Wednesday, 26 July, 2017 @ 02:58:33 »
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ENFIA notices to come by end-August

No change is expected to the heavy bill of the Single Property Tax (ENFIA) which Greece’s leftist-led government is imposing for a third consecutive year despite pre-election promises to abolish it.

After the submission and processing of 6.1 million income tax declarations, the Independent Authority for Public Revenue has started uploading the ENFIA notices for 2017 on its website.

All pay notices will have to be uploaded on Taxisnet or aade.gr by end-August for the first tranche of five to be payable by end-September and the last at end-January 2018.
http://www.ekathimerini.com/220390/article/ekathimerini/business/enfia-notices-to-come-by-end-august

Offline Maik

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Re: ENFIA replaces property tax
« Reply #102 on: Monday, 28 August, 2017 @ 14:35:07 »
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Property tax notices in Greece electronically dispatched ; 3.153 bln€ budgeted for state coffers

Annual property tax payment notices were electronically sent to roughly seven million owners with at least one holding to their name in Greece over the weekend.

...the total sum imposed on property owners for 2017 in Greece comes to 3.153 billion euros, of which 2.7 billion are owed by individuals and 448 million by legal entities, such as companies, funds, non-profit institutions etc.

The ENFIA tax has been one of the most unpopular taxes imposed in Greece over recent memory, with the previous Samaras government losing much of its popularity over the measure, and with the then leftist SYRIZA party promising to abolishing the tax "in full", when it was in the opposition.

Nevertheless, following the signing of the third memorandum by the current SYRIZA-led leftist-rightist government, the ENFIA tax has been entrenched even more.
http://www.naftemporiki.gr/story/1270469/property-tax-notices-in-greece-electronically-dispatched-3153-bln-budgeted-for-state-coffers


Offline Maik

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Re: ENFIA replaces property tax
« Reply #103 on: Tuesday, 29 August, 2017 @ 22:11:05 »
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Two of Greece's best-known children's charities have been hit with an expensive property tax bill for 2017, with the SOS Children's Villages slapped with a 95,000-euro bill and the "Smile of the Child" organization handed a more than 70,000-euro obligation.

In a press release on Tuesday, the first charity said the annual property tax bill is "unbearable" and equals the cost of the yearly operation of a children's and family support center. SOS Children's Villages also said it receives no state funding for its programs and decried the fact that no provision has been made for tax breaks towards charities and benevolent organizations.
http://www.naftemporiki.gr/story/1270990/well-known-greek-childrens-charity-decries-unbearable-property-tax-burden

Offline Maik

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Re: ENFIA replaces property tax
« Reply #104 on: Friday, 29 September, 2017 @ 15:34:50 »
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Deadline day for payment of 2.3 billion euros in taxes

Friday is the deadline for more than 7 million taxpayers for the payment of the first tranche of the Single Property Tax (ENFIA) and the second installment of income tax.
http://www.ekathimerini.com/222045/article/ekathimerini/business/deadline-day-for-payment-of-23-billion-euros-in-taxes

Offline Maik

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Re: ENFIA replaces property tax
« Reply #105 on: Thursday, 30 November, 2017 @ 19:08:51 »
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New objective values put off till end-March

This means either a rate hike for the Single Property Tax (ENFIA) or its replacement with the Large Property Tax (FMAP) to shift the load onto owners of medium-size and large properties to make the annual revenue target of 2.65 billion euros.
http://www.ekathimerini.com/223733/article/ekathimerini/business/new-objective-values-put-off-till-end-march

Offline Maik

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Re: ENFIA replaces property tax
« Reply #106 on: Monday, 18 December, 2017 @ 11:10:12 »
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Gov’t back to drawing board on 2018 ENFIA

Next year’s Single Property Tax (ENFIA) is evolving into a major problem for the government, as by May it will have to present Parliament with a bill including the new rates, as well as to decide which owners will bear the brunt of the load for 2018.

The adjustment of “objective values” (the property rates used for tax purposes), which must be completed within the first quarter of 2018, is forcing the government back to the drawing board for the ENFIA, as the agreement with its creditors provides for bringing objective values to market prices. This will lead to an increase in the taxable values in low-income neighborhoods and a decline in expensive areas such as the capital’s Voula, Ekali and Psychico.
http://www.ekathimerini.com/224242/article/ekathimerini/business/govt-back-to-drawing-board-on-2018-enfia

Offline pete.c

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Re: ENFIA replaces property tax
« Reply #107 on: Wednesday, 20 December, 2017 @ 12:48:52 »
Voula, Ekali and Psychico, wouldn’t happen to be the areas where most of the MP’s live by any chance.

Offline jeanskala

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Re: ENFIA replaces property tax
« Reply #108 on: Wednesday, 20 December, 2017 @ 14:09:11 »
I know that Ekali is a very prosperous area where lots of ship owners and high flyers live....

Offline Maik

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Re: ENFIA replaces property tax
« Reply #109 on: Saturday, 03 March, 2018 @ 20:32:56 »
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Bigger tax bill for owners of large property

A number of court decisions and the exemption of property owners who have suffered damage due to earthquakes resulted in a 340.6-million-euro shortfall in the revenues expected from the Single Property Tax (ENFIA) last year.

In that case the ministry will need to adjust its ENFIA rates, adding to the load imposed on taxpayers. It is likely that owners of properties valued at 200,000 euros and over will have to pay more.
http://www.ekathimerini.com/226381/article/ekathimerini/business/bigger-tax-bill-for-owners-of-large-property

Offline Maik

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Re: ENFIA replaces property tax
« Reply #110 on: Monday, 19 March, 2018 @ 08:52:25 »
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New objective values to soar outside Athens

The process of bringing Greece’s taxable property rates (known as objective values) in line with actual market prices will lead to a considerable hike of between 20 and 40 percent for the vast majority of cities and regions outside the capital, according to proposals being submitted by surveyors.

The rise of the short-term rental market has played a decisive role in the increase of market rates.
http://www.ekathimerini.com/226858/article/ekathimerini/business/new-objective-values-to-soar-outside-athens

Offline Maik

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Re: ENFIA replaces property tax
« Reply #111 on: Thursday, 22 March, 2018 @ 21:19:31 »
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Objective values to rise for 60 pct of property zones

The adjusted property rates used for taxation purposes (known as “objective values”) will be increased in 6,070 zones around the country, Deputy Finance Minister Katerina Papanatsiou stated on Thursday. Speaking on Sto Kokkino radio, she added that the state revenues from the Single Property Tax (ENFIA) will remain the same.

Generally, the objective values in the Ionian islands, the northern Aegean and the majority of tourism destinations will see an increase.

Sources say the government is considering keeping the ENFIA charges the same as they are now, and opting instead to shift the extra load to the supplementary property tax. The rates for ENFIA will therefore be lower than last year for all owners and the difference in revenues will be covered by the 500,000 owners with property valued at over 200,000 euros.
http://www.ekathimerini.com/227004/article/ekathimerini/business/objective-values-to-rise-for-60-pct-of-property-zones

Offline Maik

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Re: ENFIA replaces property tax
« Reply #112 on: Tuesday, 08 May, 2018 @ 11:37:16 »
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New objective values to be issued in June, with many ENFIA hikes

Greece’s 7 million property owners will find out next month what the new taxable rates in their area will be, ahead of receiving their Single Property Tax (ENFIA) pay notices in the last few days of August.

Kathimerini understands that, following the adjustment, the losers will be the owners of properties with current zone rates ranging from 750 to 1,500 euros per square meter. In those areas ENFIA will rise between 3.5 and 21.6 percent, and in a handful of cases the increase will amount to 62 percent from last year.
http://www.ekathimerini.com/228404/article/ekathimerini/business/new-objective-values-to-be-issued-in-june-with-many-enfia-hikes

Offline Maik

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Re: ENFIA replaces property tax
« Reply #113 on: Tuesday, 22 May, 2018 @ 14:22:44 »
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New property tax rates to be introduced over three years

The Finance Ministry is processing a plan for the gradual application of the new "objective values" (property rates used for tax purposes) so as to spread the extra burden on property owners over three years.

This way millions of owners won’t have to pay a massively increased bill for their Single Property Tax (ENFIA) bill this August as the country prepares for its exit from the bailout program, but instead just a third of the additional tax due.

However, the creditors have not yet approved this plan, and that is not going to happen before early June, when they get the final data on the ENFIA test calculation based on the new rates.
http://www.ekathimerini.com/228900/article/ekathimerini/business/new-property-tax-rates-to-be-introduced-over-three-years

Offline Maik

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Re: ENFIA replaces property tax
« Reply #114 on: Wednesday, 06 June, 2018 @ 20:53:29 »
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Greek Finance Minister Euclid Tsakalotos on Tuesday dampened any hopes of across-the-board reductions in Greece's unpopular property tax (ENFIA), telling deputies elected with ruling SYRIZA party that 67 percent of property owners in the country would see no change in rates for this year, compared to 2017.
https://www.naftemporiki.gr/story/1357334/finmin-67-of-property-owners-to-pay-same-tax-in-2018-no-reply-on-query-over-pending-pension-cuts


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Finance ministry teams are feverishly preparing this year’s new real estate valuations and the resulting changes in real estate taxes, which will be higher for over one million property owners.

Finance Minister Euclid Tskalatos told SYRIZA MPs yesterday that 67 percent of property owners will not face a higher property tax than last year due to the new real estate valuations.

Tsakalotos said that 18 percent of property owners will have a slight real estate tax reduction, but 15 percent, an estimated one million, will suffer a real estate tax hike.

Properties in working class neighbourhoods (where tax valuations were low), tourist areas, and the islands will be those that will be burdened from the tax hikes.
http://www.tovima.gr/en/article/?aid=987178

Offline Maik

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Re: ENFIA replaces property tax
« Reply #115 on: Thursday, 07 June, 2018 @ 13:33:56 »

Offline Maik

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Re: ENFIA replaces property tax
« Reply #116 on: Wednesday, 13 June, 2018 @ 18:58:45 »
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ENFIA hikes for 1 mln owners

The data on the adjusted property rates used for tax purposes (known as “objective values”) that the Finance Ministry released on Tuesday showed that for 946,671 households and 7,126 enterprises, the Single Property Tax (ENFIA) will grow this year by up to 200 euros, or a little more in some cases... in densely populated areas, on Greece’s islands and at tourism destinations in general.

Tax experts warn that besides the ENFIA hikes, thousands of owners, particularly at tourism destinations, should brace for income tax hikes too as the rise in objective values will also raise the total value of their assets on which their income tax is also calculated, known in Greek as “tekmiria.”
http://www.ekathimerini.com/229571/article/ekathimerini/business/enfia-hikes-for-1-mln-owners

Offline Maik

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Re: ENFIA replaces property tax
« Reply #117 on: Saturday, 16 June, 2018 @ 08:59:20 »
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Increases of up to 61.54 percent and reductions of up to 37.5 percent delineate the breadth of new objective tax criteria approved by the finance ministry this week - rates on which property taxes will be based for 2018. 

Higher rates were approved for several "working class" or middle-class districts in the greater Athens area, such as Keratea, Perama and Drapetsona, as well as on Crete and other islands. At the same time, pricey inner city Athens districts will also witness property rate hikes.

Conversely, many of the more affluent districts of Athens and Thessaloniki will see objective tax criteria fall, given that in previous years such rates were judged to be exorbitantly high.

However, the majority of rates by which the property tax (ENFIA) is calculated remained the same.
https://www.naftemporiki.gr/story/1360854/new-objective-tax-criteria-rates-for-property-approved-by-finance-ministry