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property tax

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...

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...

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...

Mount Athos Exempted from Paying Property Tax

Digital Policy Minister Nikos Pappas has approved an amendment that exempts Mount Athos monasteries from paying any pending property tax. The amendment, also signed by SYRIZA MPs Panos Skouroliakos, Giorgos Lazaridis and Centrist's Union MP Giannis Saridis, exempts the monasteries...

Property Taxes Continue to Increase While Owners' Revenues Decline

The currency card specialist FairFX recently conducted a survey which showed that Greece ranks third on the list of the top 10 best value destinations to buy a holiday home for Britons. However, for Greek property owners, the story...

Council of State Rules ENFIA Property Taxes Illegal in Four Cases

Following appeals from taxpayers to look into the way in which ENFIA property tax is calculated in Greece, the country's highest court, the Council of State has ruled in favor of the plaintiffs. According to the Council of State, ENFIA...

State Takings Fall Short of Targets: Is Property Tax to Blame?

Finance Ministry sources attribute the new gap in public revenue to the transfer of the first installment payable for the single property ENFIA tax for September rather than July. They are concerned that the 30-billion-euro target will not be...

Government Aims to Raise 2.65 bln Euros from this Year's Property Tax

The unified property tax (ENFIA), which will be paid by 7 million citizens, will start being posted on the online TAXIS platform on August 29, it was announced on Wednesday. The government hopes to raise 2.65 billion euros in revenues,...