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ENFIA

New Property Tax Rates to Go Before Greek Lawmakers

New rates of tax for property owners will go before Greece's parliament on Wednesday. The country's Finance Ministry on Tuesday published details of new zone rates, which analysts say will see nearly a quarter of Greeks pay less Unified Property Tax...

Greek Professionals to Pay Up to 75% of Income in Taxes, Contributions in 2018

Greek professionals and freelancers brace to pay up to 75 percent of their income in taxes and security contributions in the new year, as taxes and contributions go up as of January 1st, 2018. The new tax calculation system and...

Greece has to Implement 82 Prerequisites for Successful Bailout Review

Greece has to implement 82 "difficult" prerequisites in order to successfully complete the third and fourth review of the bailout program, a Kathimerini newspaper report says. The Supplemental Memorandum of Understanding, and the technical memorandum accompanying it, has specified in...

Public Revenue €1.7 Billion Below Target in First 8 Months

Public revenue dropped in the January-August period, creating a "hole" of 1.7 billion euros in the 2017 budget. According to State Treasury data, budget revenues declined by 1,759 billion euros, with tax revenues and privatization revenues dropping. The Ministry of Finance...

Greeks Called Upon to Pay €4.5 Bln in New Austerity Measures

Greek taxpayers and pensioners are called upon to pay over 4.5 billion euros after the reduction of the tax-free income and pension cuts in order for the government to close bailout program review. Specifically, the lowering of the tax-free threshold...

Greeks Need 10 to 22 Documents to Sell a House

The Greek State requires an average of 10 documents -- in some cases up to 22 -- when a citizen wants to sell real estate property or accept a house as inheritance, according to a Kathimerini report. A new bill...

Property Tax in Greece Went Up Sevenfold in 7 Years

In 2016, Greeks were called to pay seven times more in property taxes compared to 2009, even though they had to deal with a 25 percent drop in GDP and similar unemployment percentages. According to figures from the tax office,...

Greece's Opposition Leader Mitsotakis Wraps up Crete Tour With Promise for Lower Taxes

With a pledge to lower taxes if his party comes to power, main opposition New Democracy leader Kyriakos Mitsotakis on Tuesday concluded a two-day tour of eastern Crete in Agios Nikolaos, Lasithi. He said that ND's top priority will...

Creditors Disagree With Greek Proposals for 'Counter-Measures'

Creditors on Wednesday, disagreed overall with the "counter-measures" the Greek government proposed in order to balance the fiscal measures demanded to close the bailout program review. The second day of negotiations did not close with a positive outcome for the...

What the SYRIZA Government Promised and Never Delivered to Greek People

It was exactly two years ago when Alexis Tsipras became the youngest and first leftist prime minister of Greece, an event that filled the 2.25 million Greeks who voted for him with optimism because of his grandiose promises and...