October - December 2014
Property Tax (ENFIA) – Recently Introduced Changes
ENFIA has been introduced by virtue of Law 4223/2013 and aims to unify property taxes, broaden the real estate taxable base and achieve a fair allocation of property taxes.
On 11 September 2014, the Greek Parliament ratified Law 4286/2014, introducing several amendments to the ENFIA regime, including the following:
The main changes about the tax residence definition of the non- residents
According to the recent decision POL. 1177/07.14.2014, of the Ministry of Finance, the issue of the Tax residence for those residing abroad has been arranged as follows.
June - July 2014
Extension of the deadline for the submission of Tax Returns and Property Declarations (tax form E9) for fiscal year 2014
The deadline for the submission of Tax Returns by individuals as well as of Tax form E9 (property declaration) is extended until Monday, July 14th, 2014, regardless of the taxpayers’ registration number, in order to achieve their timely submission by all taxpayers.
Law 4254/2014: What’s new in Taxation?
The Greek Parliament enacted the above Law on March 30th, 2014, (Government Gazette nr. 84 A’/07.04.2014).
Law 4254/2014 includes a series of tax amendments, with the most important amendments affecting the new Income Tax Code (Law 4172/2013), the new Tax Procedures Code (Law 4174/2013) and other tax laws, such as the VAT Code (Law 2850/2000) and the Unified Real Estate Ownership Tax (Law 4223/2013).
More specifically, the main tax provisions of the new law, which apply as of 1 January 2014, unless otherwise specified, are as follows:
March - April, 2014
Commercial Leases: new legislation
The article 13 of the new law 4242/2014 (published in Government Gazette nr. 50Α΄/28.02.2014) introduces the following changes in commercial leases:
Generous reductions in rents of residents and commercial properties
During the last two years, nine out of ten property owners (of residential and business premises) have agreed to serious reductions of their rent.
Indeed, this reduction can not be regarded as negligible as the owners of apartments have proceeded to reductions of an average of...
15 Changes in Property and Income Taxation – The new Single Property Tax Law
According to the new Law nr. 4223/2013 (published in the Government Gazette nr. A 287/31.12.2013), the following tax changes take effect from January 1st, 2014, regarding property located in Greece and owned by natural or legal persons or any kind of legal entities.