A significant reduction in the rate of withholding imposed in the issuance of evidence of tax information for the transfer of a property or the establishment of a price at a price, provides for the new decision of the Commander of the Independent Public Revenue Authority, George Pitsilis (A.1072/2025).

By the above decision, the withholding rate is limited to 5% of the price, from 50% in force to date for debt in suspension, provided that the debtor offers sufficient assurance of debt repayment by guarantees or registration of a mortgage to another property.

What does the decision provide

In particular, when there are overdue debts with a basic debt of more than EUR 50,000, which is suspended, either on the basis of a judicial decision or by the decision of the dispute resolution and the debtor wishes to sell his property, the withholding rate shall be 5% of the taxpayer. In the case of the mortgage, 80% of the fair value of the property of the property is taken into account.

If the value of the real estate does not cover the entire reduction in withholding from 50% to 5%, the withholding is adjusted to the corresponding rate.