One of the big bets of the government, for the next period, if not the biggest, is the ENFIA of 2022. One tax which came as an emergency and not only was it made permanent, but it is the strong paper of every government.
Everyone will remember former Prime Minister Alexis Tsipras stating before 2015, that “ENFIA is an irrational tax, it is not corrected; it is abolished”. When he did not do it and not only that, but at some point he characterized it as one of the fairest taxes.
The current Prime Minister, Kyriakos Mitsotakis, also maintains ENFIA, but tries to reduce it and correct some injustices that stand out, such as the additional tax, which is essentially a tax on the tax.
The only sure thing is that ENFIA has come and will stay. The aim is for it to be distributed fairly.
The “new” ENFIA
The government and especially the Ministry of Finance are planning the ENFIA of 2022, which will be radically different from the one that is in force until today. One of its main changes will be that there will be no additional tax imposed on properties that in total exceeded 250,000 euros.
The supplementary tax is included in the principal tax. Thus, those who have high value properties will see the rates increase depending on the zone price of the area in which the property is located.
According to what the Minister of Finance Christos Staikouras stated yesterday (13.09.2021) “we are proceeding with the reduction of the calculation rates of ENFIA, which will be valid for 2022. The results of this exercise, which is in progress, will be available until the end of the year. The exercise aims at the fairer distribution of the tax, with a parallel reduction of ENFIA for the majority of citizens, from the new year “.
A complete picture of the ENFIA charges, the rates and the amount of tax that taxpayers will be required to pay will be available by the end of November, when the simulation exercises that are already being completed will be completed.
The main features of the new ENFIA, which will be paid in several installments, 10 or 12 with the first in March 2022 and the last in December 2022 or March 2023, are the following:
- The basis of calculation will be the new fair values that were announced months ago and which approach the commercial ones.
- The additional tax ceases to apply, which is incorporated in the owner. Until now, it was valid for those who own a total of real estate worth more than 250,000 euros.
- Establishment of a new scale with new rates, which will gradually increase depending on the price of the zone. The scale will have more steps than the current one and the factors of age, floor, house, facade, auxiliary spaces of the property will be taken into account.
- All discounts that are valid today and range from 10% to 30% and are proportional to the amount of real estate will be included in the final tax.
- Tax exemptions for vulnerable groups remain the same, ranging from 50% to 100%.
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