Last week, the financial staff released the central guidelines of the new ENFIA, according to which eight out of ten property owners, corresponding to about 5 million taxpayers, will pay less ENFIA than they paid last year.
At the same time, market representatives who spoke to , characterize the decision to reduce ENFIA as positive, which on the one hand contributes to the support of households and businesses and on the other hand is a tool for economic development.
According to the forecast of the new ENFIA, 14% of property owners, about 875,000 taxpayers will pay the same tax they paid last year.
Of the remaining 6%, ie 375,000 property owners, half, ie 187,500 taxpayers, will have a surcharge of up to 50 euros and the rest depending on the zone in which the properties are owned.
According to Finance Ministry officials, those who will be asked to pay more tax are either in the category of those who have property in an area that was last included in the objective pricing system, or have expensive property in an area with a large increase in the objective price.
Beyond that, the main changes in the new identification system of ENFIA are summarized as follows:
1. There is a new average weight reduction of 13%, which is added to the reduction of 22% in 2019, in order to form a cumulative reduction compared to 2018 of 34% or 920 million less for individuals.
2. Complete abolition of the additional tax for all properties worth up to 400,000 euros.
3. Integration of the additional tax on the owner for real estate over 400,000, which in its vast majority is less than the one they paid last year.
4. The new Tax will be cleared by the end of April and will be paid in 10 monthly installments.
A significant reduction of up to 80% is foreseen for the owners of plots, with the reasoning that any return for the owners will be future and not at the present time.
The total value of the real estate owned by natural and legal persons, now amounts to 750 billion euros after the adjustment and expansion of fair values. The total tax that will be confirmed this year is estimated to amount to 2.233 billion euros from 2.587 billion euros confirmed for 2021. The total reduction amounts to 354 million compared to last year.
Some illustrative examples:
1. Apartment in New Philadelphia, 1st floor 120 sq.m., twenty years old, with a zone price of 1,200 euros, paid in 2021 tax 372.96 euros. In 2022 the price of the zone increased to 1,500 euros and the corresponding tax is 282.24 euros. While the value of the property increased by 25%, the tax decreased by 24.32%.
2. Apartment in Xanthi, 1st floor 100 sq.m., twenty years old, with a zone price unchanged at 750 euros, paid tax in 2021 220.50 euros, while in 2022 will pay tax 147 euros, ie reduced by 33.33%.
3. Apartment in Kaisariani, 1st floor 100 sq.m., twenty years old, with a zone price of 1,100 euros, paid tax in 2021 310 euros. And while in 2022 the zone price amounts to 1,350 euros, it will pay a tax of 220.50 euros. That is, with an increase in the value of the property by 22.73%, the tax is reduced by 29.05%.
4. Apartment in Egaleo, 1st floor 100 sq.m., twenty years old, with a zone price of 1,100 euros, paid tax in 2021, 310.80 euros. In 2022, with the zone price being set at 1,300 euros, it will pay a tax of 220.50 euros. That is, while the value of the property increases by 18%, the tax decreases by 29%.
5. Apartment in Thessaloniki on Nea Egnatia Street, 1st floor 150 sq.m., twenty years old, with a zone price of 1,100 euros paid a tax in 2021, 466.20 euros. In 2022, with the zone price being set at 1,350 euros, it will pay a tax of 352.80 euros. That is, while the value of the property increases by 22.73%, the tax decreases by 25%.
6. Apartment in Santorini, 1st floor, 100 sq.m., twenty years old, with a zone price of 4,950 euros, paid in 2021 a tax of 1,744 euros. In 2022 the price of the zone amounts to 5,050 euros and the corresponding tax is 1,991.75 euros, increased by 14.21%.
7. Apartment in Mykonos, 1st floor, 250 sq.m., twenty years old, with a zone price of 4,900 euros, paid in 2021 a tax of 10,206 euros. In 2022, with the zone price being set at 5,900 euros, it will pay a tax of 11,891.24 euros, increased by 16.51%.
8. Apartment in Nea Smyrni, 1st floor, 100 sq.m., twenty years old, with a zone price of 1,200 euros, paid in 2021 a tax of 310.80 euros. In 2022 the price of the zone increased to 1,500 euros and the corresponding tax is 235.20 euros, reduced by 24.32%.
What market representatives say
The measure of the reduction of ENFIA was positively received by the people of the market, who, speaking to , characterize it, among other things, as developmental. The president of the Economic Chamber K. Kollias states that “the reduction of ENFIA strengthens the development dynamics of the Greek real estate market”. The president of EVEP V. Korkidis characteristically emphasizes that “the government proves once again the consistency of its words and deeds for a stable cumulative de-escalation of direct and indirect taxes”, while finally the president of the Athens Chamber of Commerce G. Chatzitheodosiou notes a decision of the government that is in the interest of the taxpayers and this can not be challenged by anyone “.
The statements in detail
Konstantinos Kollias President of the Economic Chamber
The reduction of ENFIA is another piece in the puzzle of development interventions. Apart from the very important fact of reducing the tax burden for the vast majority of property owners, the coverage of the additional costs from the adjustment of the objective values and the payment of the tax in more installments (up to 10), complete the whole relief, mainly for the middle class, and enhance the growth dynamics of the Greek real estate market. In addition, this move should be the beginning – for this year – of the reduction of other taxes, such as Excise Duties, in order to further alleviate households, in this difficult situation, with the price increases of products, due to the turmoil in the global supply chain.
Vassilis Korkidis, President of EVEP and PESA
“The permanent reduction of ENFIA, apart from being a great breath for households, also gives a great help to businesses, especially with privately owned privately owned commercial properties, so that they can face the energy costs that have existed lately. With the reduction of ENFIA, the government proves once again the consistency of its words and deeds for a stable cumulative de-escalation of direct and indirect taxes and contributions in order to stimulate the disposable income of households, the purchasing power, but also the liquidity of businesses. I welcome the announcements of the Minister of Finance, where regardless of the countermeasures of FMAP in the abolition of the unjust additional tax, the “pluses” are clearly more for 5 million owners, since the reduction will exempt all weak households and the majority of small and medium enterprises from an economic burden at a time when the market is seeking the right financial intervention, which can curb inflation and create a milestone in accuracy. “
Giannis Chatzitheodosiou president of the Central Union of Chambers of Greece and the Athens Chamber of Commerce
“The reduction of ENFIA by 13% is a positive development, as well as any reduction of tax. This is a government decision that is in the interest of the taxpayers and this can not be disputed by anyone. But at this time, with the wave of accuracy hitting businesses and households brutally and the effects of the pandemic threatening business viability, more support is needed. And through more tax breaks, such as the abolition of the performance tax and the reduction of VAT on basic goods but also targeted interventions, such as increasing the installments from 72 to 120. So the business community will be able to meet the increased demands and avoid the padlocks on the market.
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