By Chrysostomos Tsoufis

Dear Madam / Dear Sir,

We inform you that according to the data they sent to AADE the insurance companies and concern the ENFIA 2024 reduction, you appear as the recipient of a home insurance policy (Joint Decision A. 1014/2024).

To grant you a reduction LIGHT year 2024 if the conditions are met, you need to apply digitally, by 22/02/2024, through the platform myPROPERTY on the myAADE digital portal

The above is the beginning of the electronic notification that AADE sends en masse to property owners who have insured their properties and are therefore entitled to a 10% discount on this year’s ENFIA.

The platform will remain open for 10 more days until February 22 and the process to secure the discount is very simple. All the owner of the insured home has to do is enter the application with them taxi codes and selecting the Property Identification Number (API) to associate it with the insurance policy.

In the e-mail message sent by AADE, it clarifies that if a natural person other than the recipient of the message also has a right to the property, then the recipient must enter the VAT number of the co-beneficiary in the application so that he will also be notified by the Authority and in the order to submit his application as well.

Beneficiaries of the discount should also be aware that in the event that the same property is covered by several insurance policies (regardless of whether they are from the same or different insurance companies) the property must be matched with each insurance policy.

It goes without saying that if the taxpayer owns more than one property, he should match the insurance policies for each of them.

For the property owner to enjoy the 10% discount, the property must be comprehensively insured against earthquakes, floods and fires. Insurance for 2 or 1 of these three categories automatically means that the taxpayer loses the deduction.

In addition, the property must be insured for at least €1000/sq.m (only for this year €900/sq.m will apply)

The discount is calculated on the total of main and supplementary tax if the value of the property exceeds €400,000 and is proportional to the insurance period. This means that the total of 10% will be given if the property was insured for 12 months, 7.5% if it was insured for 9 months, 5% for six months and 2.5% for a minimum of 3 months.

For example, the owner of a property pays ENFIA 600€. He will receive a discount of €60 if the property was insured throughout 2023. If it was insured for 6 months, the discount would be €30.

If we assume that the same owner had 3 properties for which he paid €300, €200 and €100 respectively, i.e. €600, he will receive the discount of €60 as long as all 3 are insured. If he had only insured the property with an ENFIA of €300 for 12 months, then the discount would be €30 as the discount applies only to the insured properties and not to one’s total property which includes insured and non-insured properties.

Until March 11, insurance companies will be asked to confirm the matches of the ATAKs with the numbers of the insurance contracts in order to achieve the goal of clearing and posting the now reduced ENFIA notices in April. The payment of this year’s ENFIA is planned this year to be made in 11 equal monthly installments from April to February 2025.