Greek Parliament passes tax cuts & property tax bill
The Greek Parliament Plenary passed the bill on tax cuts and more favourable terms for the 120 installment settlement with a large majority, as ruling ND, SYRIZA, KINAL, and Greek Solution voted in favour of the proposed provisions.
It the first law passed by the new government which provides that the 2019 special property tax (ENFIA) account will be incrementally decreased ranging from 10% to 30%.
Specifically as provided in the bill, the value of real estate is reduced compared to 2018 by:
– 30% for properties up to €60,000. There are 3,488 million property owners in this category.
– 27% for real estate up to €70,000.
– 25% for real estate up to €80,000
– 20% for real estate up to €1,000,000
10% for real estate worth more than €1,000,000. There are 15,000 property owners in this category.
You may be interested
Greece enters the markets with a 15-year bondmakis - Jan 27, 2020
The Public Debt Management Agency has decided the issuance of a 15-year bond. According to an announcement by the Greek…
Skiathos has the best beaches in the world: Conde Nast Traveler readers Choice 2019Panos - Jan 27, 2020
Greece was awarded the Readers’ Choice Awards 2019 by top travel magazine Conde Nast Traveler, with over 600,000 readers voting…
The world still in shock as NBA honours Kobe BryantPanos - Jan 27, 2020
The world was devastated by the death of NBA legend Kobe Bryant when a helicopter crashed into hillside in Calabasas,…