Greece to Reduce Property Tax by 13%
Greece's PM Kyriakos Mitsotakis announced on Wednesday that he plans to permanently reduce the unpopular property tax, ENFIA, by 13 percent. "We are moving forward to a new brave permanent reduction of ENFIA by 13%. We continue to cover part...
Greek PM Mitsotakis Sets Growth, Support Plan
Greek PM Kyriakos Mitsotakis set new growth targets, focused on support plan for young Greeks and changes in energy market at the Thessaloniki International Fair
Greek Parliament Approves Lowering of Tax Burden on Homeowners
The Greek Parliament on Tuesday overwhelmingly approved the bill introduced by the new conservative government which eases the tax burden on four million Greek homeowners. The bill, which includes an income-based reduction of the ENFIA property tax and a plan...
Property Taxes to Be Reduced For Greek Businesses and Individuals
The government's new tax legislation, which was brought before Parliament last week, envisages more favorable provisions for taxpayers, both private and corporate, to settle their debts with tax agencies. Under the proposed legislation, which will be debated and voted on...
Greek PM Mitsotakis Promises Tax Cuts, Growth and Diaspora Vote
Greece's new Prime Minister Kyriakos Mitsotakis on Saturday announced immediate tax cuts on single properties and businesses, wage increases and a vote to Diaspora Greeks, among other promises. "The July 7 elections ended the cycle of crisis," Mitsotakis said before...
Greece to Cut Controversial Property Tax by 30 Percent Over Two Years
The new Greek government will introduce new legislation before Parliament by the end of July which would reduce the Single Property Tax (ENFIA) by approximately 30 percent for all property owners within a couple of years, starting in 2020. According...
Major Tax Cuts and "Social Dividends" Announced in Greek Parliament
The Greek government announced Wednesday that the Uniform Real Estate Ownership Tax (ENFIA) will be significantly reduced for over 5.1 million property owners. In addition, the state will distribute a one-time payment to more than 1.3 million people as...
Greek PM Tsipras Promises Tax Cuts, Dividends and Growth in Post-Bailout Greece
Prime Minister Alexis Tsipras on Saturday announced that his administration is planning to stop tax cuts, offer more social dividends and raise the minimum wage in post-bailout Greece. The Greek prime minister spoke during the opening of the annual Thessaloniki...
One Million Property Owners Throughout Greece Brace for ENFIA Increases
According to the property tax notifications that the government started distributing Tuesday night, property owners throughout the country are in for a dramatic increase on their ENFIA bills. The raise in ENFIA comes from an adjustment in property rates, resulting...
Eurostat: Housing Costs Greeks 4 Times More than European Average
Greeks pay dearly to have the nice, big house of their dreams, as 40 percent of them spend close to half of their income to maintain their home, new Eurostat figures show. Specifically, four out of ten Greeks (40.5 percent)...