Of Chrysostom Chufi

End of time today for insured property owners who wish to reduce this year ENFIA up to 20%. At midnight, the deadline they have at their disposal to declare that they have secured their property so that the AADE will then “lighten” the tax.

Based on the notifications that AADE has been sent all this time to the beneficiaries, the reduction of ENFIA is:

– 20%for homes with a taxable value of up to 500,000 €

– 10%for homes with taxable value> 500,000 €. Property owners in this category should be aware that if they do not insure their homes, by June 1, 2025, they will not be compensated by the state in the event of damage to natural disasters.

In order to give the discount, specific conditions must be met:

  • The property must be insured cumulatively for fires, floods and earthquakes.
  • The property must be insured for the whole year. Otherwise an analog discount is provided with a minimum of 3 months insurance.

Insurance covers the total value of rebuilding the building or the buildings that make up the residence. The renovation value of the residence is set at 1000 €/sqm

The house is insured in an insurance company registered with the Insurance Register, which is kept in the Bank of Greece’s private insurance supervisory.

The request for the reduction of ENFIA as well as any modifications or corrections to the digital portal myaade (myaade.gov.gr), following the route: Applications> Popular Applications> Myproperty> Reduction

In cases where the property belongs to more owners, or if the insurance policy has been drawn up on behalf of a third party, the recipient of the insurance must record the VAT ID of all stakeholders. The other owners will be informed by email and will have to submit a separate application to receive the discount.

In order to facilitate taxpayers, AADE enables those who have been sent from their insurance companies the opportunity to bring the new ENFIA reduction application, recovering data from their last year’s application, as well as up -to -date information from insurance companies.

The next critical date is exactly 2 weeks. By 28 February, insurance companies will confirm the details of the statements and then HRAD, after verifying that the conditions are met, will grant the deduction to the beneficiaries with the first central clearance.

According to his information skai.gr Beneficiaries of Reduced ENFIA due to insured residence do not exceed 250,000 From 215,000 last year, so doubling the discount (it was 10% horizontally for 2024) did not “blur” with its results.

ENFIA’s clearances are expected to be posted In mid -March. The tax will be paid off in 12 monthly installments In March 2025 – February 2026.