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Greece

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...

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...

Property Taxes Could Leave Greeks Homeless

During the conference of the Hellenic Property Federation (POMIDA) which was held on Saturday in Athens, the president of the Federation Stratos Paradias, underlined in his remarks the urgent need to change the legislative framework on the new property...

Greece's Property Taxes Among Highest in EU

According to data presented by the Hellenic Federation of Property Owners (POMIDA), Greece is at the top of the list with the highest property taxes paid in the EU. As far as the taxation of property income is concerned, out of...

Ancient Olympia and Panathinaikon Stadium Owe €4.5 Billion in Property Taxes

The Greek state never ceases to baffle onlookers. The latest blunder came at the hands of the Finance Ministry tax staff, who recently sent a massive property tax bill (ENFIA) to the Hellenic Olympic Committee for the Georgios Karaiskakis football...

Taxes on Greek Property 7 Times Higher than 2009

The number of Greek homeowners who will have to pay property taxes is reaching the 5.5 million mark. In 2014 property taxes are seven times higher than in 2009. Greek homeowners will have to pay 715 million euros in...

Greece Ignores Court Order on Property Taxes

A hated 100 percent property tax surcharge put into electric bills by former finance minister Evangelos Venizelos, now the head of the PASOK Socialists, will keep being collected, despite a court order ruling it’s illegal, Greek government officials said. Venizelos,...

Nationals Living Abroad with Greek Property Have Additional '11 Taxes Imposed

Greeks living abroad have a tax  imposed with their 2011 tax return. Those who have a home, apartment or house, purchased or inherited in the past and that had not been rented during the year 2010, will be taxed 5%...

Greece Has Third-Highest Property Taxation Rate in EU, After the UK and France

According to data released recently by the OECD and Eurostat, Greece ranks third in the European Union in terms of the taxation it imposes on its citizens' properties. The only nations taxing their citizens more than Greece are Great Britain...

Crisis-Stricken Greeks Must Pay 5.5 Billion Euros in Taxes

As of next Monday, 4.3 million Greek taxpayers will have a 5.5 billion euro tax bill that is due and payable to the State by the year's end. This amount equals the projected growth of the entire Greek economy this past year. By...

Greece's Highest Court Confirms Church Must Pay Tax for Rented Property

The Council of State on Wednesday decided that the obligatory property tax on Church of Greece rental properties is correct. With three separate decisions (1731-1733/2018), Greece's highest administrative court rejected the Church of Greece objection to pay approximately €2.9 million in...

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...

Greek Rental Property Tax Platform to Go Online by End-August

An electronic tax platform for registering short-term rentals like AirBnB will be up and running by the end of August, the governor of the Independent Authority for Public Revenue (AADE) Giorgos Pitsilis said on Friday. In comments at an Antenna...