Property Taxes In Greece

ENFIA

This form of annual taxation is also known as ENFIA. Your options in terms of going about paying this fee are in two ways. You can choose to pay your annual taxation fee in one large lump sum. You can also choose to pay it in five different instalments throughout the at any point between September and January.

The fee you are required to pay based upon the value of your property on the 1st of January. There are two separate tax amounts when it comes to ENFIA taxation, they are the following:

Primary Tax: This tax is required to be paid on each property you own. In terms of how the figure for this taxation is determined there are several factors. It can be based upon the price zone, surface of the property, the age of the property, how much of the property you own as an individual and other factors too.

Secondary Tax: If your property value is greater than €200,000, then secondary tax IS required for you as the owner. The range of the rates for this taxation is between 0.1 percent and 1.15 percent.

TAP (Telos Akinitis Periousias)

Telos Akinitis Periousias is a municipal tax. This taxation is taxed at a rate of 0.025 percent all the way to 0.035 percent based on the value of the property in question. This form of taxation is usually charged through the likes of electricity bills. That’s to say it is mandatory and imposed upon the owner of the property. If the bills of the home are being issued in a tenant’s name then the amount that they are charged is taken away from the fee they pay for their rent.

Special Tax on Property (SRET)

If you own real estate through association in a company, then you are required to pay this fee. If the company has zero exemptions, then they’re charged annually a rate of 15 percent of the total value of the property in question. Yet, there’re exemptions from this taxation, as mentioned in the following points:

• If the company has registered shares that trace back all the way to an individual person at the top of the company. If the individual is a resident in Greece or another nation, they must be able to have a Greek tax registration number to take up this exemption.
• If a company is owned by a bank or institutional investors then they’re not required to speak on who their ownership includes.
• A shipping company that has offices set up within Greece for the property that they’re renting or making use of.
• All companies that have their public shares enlisted upon the organized stock exchange.
• Companies that are working in the following areas. Manufacturing or industrialization, or commercial activities. To avail of this exemption if your company meets this description your earnings from these activities must be higher than that of the property owned.
• Legally set-up companies that are making use of buildings for the use of charity-reasons, cultural, religious or educational purposes too.
• Insurance companies or social-security companies. To avail of the exemption if you meet these descriptions you must be supervised and regulated by an outside authority.