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ENFIA is the EU's highest property taxGreece continues to have the highest property ownership tax (ENFIA) in the European Union...
ENFIA to be paid as of SeptemberThe calculation of this year’s Single Property Tax (ENFIA) dues, which will be the same as last year’s but paid in six tranches instead of five, will begin in early September. Therefore the first monthly installment will be due by September 30 and the last by February 26, 2021. Property owners will only be able to access their pay notices as of mid-September.
New objective values for properties expected in 2021The planned adjustment of the property rates used for tax purposes, known as “objective values,” will now be completed next year, along with the reduction of the Single Property Tax (ENFIA) originally scheduled for 2020.The health crisis put the brakes on government planning, as surveyors were unable to complete their work. This should resume soon provided conditions allow for it.
Do you own property in Greece? ENFIA dues will be released on MondayProperty owners around Greece as well as those living abroad will find out the amount of taxes they will pay for this year on Monday.The online site Taxisnet will upload the single property tax (ENFIA) dues for this year so that 7 mllion property owners from around Greece can find out how much they owe. The first installment of the tax is due by the end of the month whereas six tranches will need to be payed by the end of February 2021.Taxes are expected to more or less stay the same with the majority of property owners paying the same as last year.
ENFIA Tax Abolished for Residents of 28 Small Greek IslandsThe residents of 28 small and remote Greek islands are now exempt from paying the unified property tax (ENFIA) from 2020 onwards, the Finance Ministry announced on Wednesday.
First ENFIA tranche due by end-OctoberThe Finance Ministry is offering property owners the opportunity to pay both their first and second installment of their Single Property Tax (ENFIA) dues for this year at end-October without any penalties.Minister Christos Staikouras said on Tuesday that in the next few days a legal clause will be submitted in Parliament to facilitate property owners’ payment of obligations. It will allow them to pay the September tranche either on its own by the end of the month or pay both September and October ENFIA installments by October 30.Any property owners that had no changes to their real estate properties over the last year will pay exactly the same ENFIA as they did in 2019, with the exception of those living on the 26 remote exempted islands. More than 1 million property owners will only pay 50% of the tax or be fully exempt due to meeting certain income criteria.