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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.
Do you own property in Greece? ENFIA changes coming in 2022New property tax rates to be released in December, with reductions expected for majority of payersThe changes in the property tax (ENFIA) owners are expected to pay in 2022 will be released in December, Greece’s Finance Ministry said on Saturday, noting that the overwhelming majority of payers will see reductions.
Which areas face property taxation hikesOver 7,000 property zone rates have gone up as of January 1 with the application of the new taxable value of properties, known as “objective values.” That pushes up dozens of taxes and charges related to real estate, as well as raising the cost of property transactions.Several areas of the country were previously not included in the objective values system, such as Zakynthos, Cephalonia, Chios, Samos, Patmos, Karpathos, Ilia, Nafpaktos, Kythira and other areas with significant tourism activity. In those areas the Single Property Tax (ENFIA) used to be calculated based on the lowest zone rate of the same municipality or regional entity. Now each property’s ENFIA is based on its own features – i.e. the real value of each asset – taking dues much higher.The new zones (new inclusions and extensions of existing ones)... face considerable changes:... Ithaki has seen a 250% leap to €2,100/sq.m.... on Cephalonia by 79% to €1,250/sq.m.
PM Mitsotakis announced permanent 13% cut in ENFIA property taxPrime Minister Kyriakos Mitsotakis announced a new permanent reduction of the unified property tax (ENFIA) by 13%.
Gov’t frets over ENFIA duesThe process for the calculation of the new Single Property Tax (ENFIA) is about to be completed, and by April 30 the bills will be forwarded online to all property owners. However, the big challenge for the government now is to see the taxes paid in time, given the general conditions.The ENFIA dues will be reduced this year for about 5 million owners; another 900,000 will pay the same, while some 350,000 will see small or large hikes in comparison with the 2021 dues.
ENFIA smiles for four in fiveMillions of property owners will see their dues reduced this year, with only a few facing hikes The new payment slips for the Single Property Tax (ENFIA), uploaded on the online platform of the Independent Authority for Public Revenue, show reductions that in some cases reach up to 45-50%.The abolition of the supplementary tax has become obvious for most owners with assets valued at more than 250,000 euros; during the decade-long crisis years it was they who bore the brunt of property tax to help the fiscal adjustment.Some significant reductions have also been observed for smaller properties, even those whose zone rates posted a significant increase upon the adjustment of the taxable prices known as “objective values.”However, there are also cases where ENFIA dues have soared this year: This is not only in areas that were not previously included in the objective value system, such as Mykonos, Ikaria, Ithaki and others, but also in the center of Athens, where owners have to pay 50-60% more ENFIA, and in some instances 70% more than last year.
More than 1 million taxpayers will be exempted from ENFIA property tax this year, authority saysOver 1 million property owners will be exempted from paying property tax (ENFIA) in this year's filinngs, either because of low income and assets or because they live in areas affected by natural catastrophes, according to official data.An analysis of data from the Independent Authority for Public Revenue (AADE) also shows that compared to 2018, there are 171,703 fewer people that will need to pay ENFIA in 2023.The average ENFIA payment dropped 31% from 489 euros in 2018 to 368 euros in 2023.
QuoteMore than 1 million taxpayers will be exempted from ENFIA property tax this year, authority saysOver 1 million property owners will be exempted from paying property tax (ENFIA) in this year's filinngs, either because of low income and assets or because they live in areas affected by natural catastrophes, according to official data.An analysis of data from the Independent Authority for Public Revenue (AADE) also shows that compared to 2018, there are 171,703 fewer people that will need to pay ENFIA in 2023.The average ENFIA payment dropped 31% from 489 euros in 2018 to 368 euros in 2023.https://www.amna.gr/en/article/730622/More-than-1-million-taxpayers-will-be-exempted-from-ENFIA-property-tax-this-year--authority-says
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Topic: ENFIA replaces property tax (Read 104521 times)
