Timeframe until February 22 property owners will have in order to declare – through the AADE platform – their property that has full insurance coverage in order to receive a 10% discount to ENFIA. The insurance companies for their part, they will have to confirm the correctness of the data by March 11, while by the end of March, the seven million settlement slips will have been issued. This year, property tax will be paid in 11 installments starting from the end of April.

This is the final schedule for this year LIGHT in the liquidation of which a substantial change takes place this year: the granting of a discount for fully insured properties. The ministerial decision with the details was published and now it is a matter of hours before the platform is activated by AADE. In order to widen the scope of those who will receive the discount, especially for this year the tax discount will be given to those who have insured their properties for at least 900 euros per square meter. From next year, the limit of 1000 euros will apply.

Analytically:

1. The reduction of LIGHT is granted to natural persons who have a right to a residence, which is stated in the real estate data declaration (E9), in Table 1: Details of plots of land (within a plan or settlement and buildings (within and outside the plan), in column 15 “Building – Type of right” , with codes 1 to 13. Any building, together with its appurtenances, which is listed in the statement of real estate data (E9) in Table 1, in column 9 “Property Category”, with code 1 “Dwelling or Apartment other than a single-family house” is considered a residence or 2 “Detached house.” The house may consist of one or more ATAK.

2. In order to grant the reduction of the ENFIA, in the year preceding the one in which the reduction is granted:

a) The residence must be insured with an insurance company that is registered in the Register of Insurance Companies maintained by the Private Insurance Supervision Directorate of the Bank of Greece,

b) the insurance covers cumulative earthquake insurance risks, fire and flooding for a period of at least three (3) months within the same year,

c) the capital insured for all three risks of the previous subsection to cover the entire reconstruction value of the building or buildings that make up the residence. For the calculation of the reconstruction value, the total area of ​​the main and auxiliary areas of the residence is taken into account, as indicated in columns 12 and 13 of Table 1, for the ATAK(s) that make up the residence.

3. The value of the reconstruction of the residence for the application of this is set at one thousand (1,000) euros per square meter. Especially for 2024, the reconstruction value of the residence is set at nine hundred (900) euros per square meter.

4. The period of three (3) months of paragraph b of paragraph 2 is considered to be completed when the residence is insured with one or more insurance policies with the same or a different insurance company with a total insurance period of at least ninety (90) days within the same year.

5. In the event that changes are made to the insurance policy during the year in terms of the insured value of the residence and/or in terms of the type of earthquake, fire and flood risks covered, only the period of insurance for which they are fulfilled is taken into account the conditions of the previous paragraphs.

For granting the reduction of LIGHT the taxpayer submits an application annually through the myPROPERTY application of A.A.D.E. with his personal passwords TAXISNETin which he selects the ATAK(s) corresponding to the insured residence and associates him/her with the corresponding insurance policy number.

In the event that the same residence is covered by several insurance policies of the same or a different insurance company or renewals or amendments of the insurance policy, the procedure of the previous paragraph is repeated for each policy number.

In case the taxpayer has more than one insured residence, the procedure of the previous paragraphs is repeated for each insured residence.

In the event that the recipient of the insurance is different from the natural person who has a right to the insured residence (insurance on behalf of a third party), as well as in the event that, in addition to the recipient of the insurance, other natural persons also have a right to the insured residence (insurance himself and on behalf of a third party), the policyholder enters in the application myPROPERTY tTINs of the above persons, who are informed by e-mail and submit an application for the grant of the VAT reduction with their personal TAXISNET codes with the procedure of par. 1.

By submitting the application of pars. 1 and 2, the taxpayer declares responsibly, in accordance with Law 1599/1986 (A’ 75), that the information in his application is accurate and true and provides his consent for the transmission of the necessary details of the insured residence(s) to the insurance company with which the relevant insurance policy has been concluded, in order for it to confirm the matching of the property with the number(s) of the insurance policy(s) contract/s.

After submitting the application in accordance with par. 1 and 2, the insurance companies are obliged to confirm the matching of the insured residence with the number(s) of the insurance policy(s).

5. Especially for the year 2024, the applications of par. 1 and 2 and any amendments and corrections thereof shall be submitted no later than 22/2/2024.

The confirmation of the data by the insurance companies according to par. 4 takes place no later than 11/3/2024.
Procedure for granting the reduction

1. Upon its first central clearing LIGHTGDILED verifies that the conditions of article 1 are met for the previous year of liquidation.

In the event that the conditions of article 1 are met for a period of one (1) year, a ten percent (10%) reduction is granted to the ENFIA corresponding to the ATAK of the insured residence.

In the event that the conditions of article 1 are met for a period of less than a year, which cannot be less than three months, the reduction of the ENFIA is carried out proportionally, based on the percentage resulting from the number of days covered per year.

2. In the cases of paragraph 2 of article 2, the taxpayer submits an application to the competent DOU according to the form “D500 Application – Declaration for the granting of an exemption, deduction or for the re-liquidation of the ENFIA” with the procedure defined in items A .1272/2019 and A. 1158/2022 decisions of the Governor of A.A.D.E.. In order to grant the reduction, it is necessary to present the insurance policy(s) and any renewals or amendments thereof, as well as a responsible declaration in accordance with Law 1599/1986 (A’ 75), that the details of application is accurate and true. The reduction of the ENFIA is granted if the conditions of article 1 of this are met, with the procedure defined in par. 8 of article 2 of the decision of the Governor of A.A.D.E. under items A.1272/2019. If the application is not accepted, an act of rejection is issued in accordance with par. 9 of article 2 of the same above decision.