Calamos Supports Greece
GreekReporter.comGreek NewsEconomyFinance Ministry Clarifies Property 'Incremental Value' Tax

Finance Ministry Clarifies Property 'Incremental Value' Tax

houses real estate GreeceGreece’s Ministry of Finance on Thursday issued two critical decisions aimed at resuscitating Greece’s slumping property market.
The two decisions – which enjoy the crucial approval of the notaries’ union – clarify the perplexing matter of taxing “incremental value” recorded in real estate transactions, a new form of tax to Greece.
The vagueness of the legal framework introducing this new tax had slowed real estate transactions – which were ailing anyway, due to the crisis – almost to a complete halt in the past few months, especially due to the refusal of notaries to process such transactions because they were not able to determine unambiguously the incremental value of real estate transactions, despite being legally accountable to collect and transfer the attributable tax to the authorities.
(source: ana-mpa)

See all the latest news from Greece and the world at Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!

Related Posts