CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Greece Plans Property Tax Reforms

Greece Plans Property Tax Reforms

by Ulrika Lomas, Tax-News.com, Brussels

08 September 2015


Greece's Alternate Finance Minister in the current caretaker government, Tryfon Alexiadis, has pushed for an overhaul of the controversial property tax ENFIA.

The Single Property Ownership Tax (ENFIA) is widely seen as inequitable and has been deeply unpopular since its introduction on January 1, 2014. Earlier in 2015, the Syriza Government, which is now campaigning for re-election, announced that the tax would not be collected in 2015.

As part of the third bailout deal recently agreed with Greece's creditors, the tax must be restored. In an interview reported by Greece's Naftemporiki newspaper, Alexiadis stated that the Government is seeking an agreement to substantially overhaul ENFIA beginning from 2016, including a revision of the taxable base.

He said that the new incarnation of the tax will extend beyond real estate to include other high-value assets and investments offshore. In conjunction with the new requirement that taxpayers disclose details of their assets, to be phased in later this year, Greek authorities are seeking to identify untaxed assets, create a fairer tax system, and encourage the repatriation of offshore holdings, he told the paper.

TAGS: compliance | Finance | tax | tax compliance | property tax | tax avoidance | offshore | Greece | tax reform | Tax | Tax Evasion

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »