Thursday , December 1 2022
Home / News / Economy / Greece to lower ENFIA tax, set property prices in coastal areas on islands

Greece to lower ENFIA tax, set property prices in coastal areas on islands

The Greek government is committed to lower the ENFIA special property tax by 8 percent, Finance Minister Christos Staikouras said on Tuesday. At the same time he announced the setting of property prices in “high-value regions, mostly coast areas on Greek islands.”

Speaking to “Parapolitika” FM, Staikouras gave assurances that a revision of property prices will not lead to increases in the ENFIA tax, with the exception of areas where “prices must be raised.”

He added that the finance ministry plans to include around 3,000 new regions in the system of setting property prices and to create the necessary fiscal space for lowering the ENFIA tax.

These areas are all high-value regions, mostly coastal areas on Greek islands.

ENFIA was imposed following the country’s lenders demands in 2012 and was initially scheduled to be a “provisional revenue bringing measure.”

In the last two years, ENFIA taxes remained at the same level, however, with a small discount of 10% in the average. So far, property owners in big cities pay much higher ENFIa taxes than those in the countryside or the islands.

PS Nothing more permanent than a provisional fiscal measure…

Check Also

Black Friday, Cyber Monday and open stores on Sunday

Black Friday on November 25 with retailers to look for revenues increase and consumers eyeing …