![Property Tax ENFIA – New details- Payment in 10 or 12 installments](https://www.ot.gr/wp-content/uploads/2022/01/EV_ATHINA_AKINITA2262-768x511.jpg)
The new property tax ENFIA which will bring, among other things, an average reduction of 3% to 4% for 2022, is about to be implemented. According to information, the new scale for the calculation of property tax ENFIA is in the final stage of its formation and will be ready in the next period of time.
The main goal of the Greek Ministry of Finance is to be ready by the end of January or the beginning of February at the latest, so that the final regulation will be approved by the Parliament within the next month.
According to what the Greek Finance Minister, Mr. Christos Staikouras, stated in a TV show on Mega TV channel, the expectation is that the property tax ENFIA will be reduced by 60 million euros in 2022.
Sources from the Greek Ministry of Finance state that this is a really difficult case. The competent services, together with the working group that has been set up, are trying to compose a very difficult puzzle, which will include the new objective values of the real estate, the integration of the additional tax in the main tax and all the above to give a final result that will be in absolute numbers by 60 million less than last year and, at the same time, not to cause excessive burdens in those areas where there are significant increases in objective prices.
Whichever way you look at it, this exercise alone can not be described as easy and that is the main reason why there is a relative delay.
The new scale
As they report, the new scale of the single real estate tax will have more rates in order to prevent the burdens for those who own small and medium property, after the jump of the new objective values that took place in most parts of the country.
According to what has been repeatedly stated by the competent officials of the government and especially of the Ministry of Finance, the property owners, in their vast majority, will pay less property tax ENFIA.
Those who are expected to pay more tax, compared to 2021, are the owners of a property in an area where there is a very large increase in the price. The losers will be mainly the property owners in the zones that entered the objective system for the first time, as the price increases reach up to 250%.
Immediately after the completion of the process, with the voting and the issuance of the relevant ministerial decision, the Independent Public Revenue Authority will start the process to issue the new clearing notes.
The main aim of the government is that they be uploaded on taxis, by the beginning of March and, if possible, the first installment to be paid at the end of the same month.
According to the Greek Finance Minister, Mr. Christos Staikouras, the tax will be paid, this year, in 10 or 12 monthly installments. In the Independent Authority for Public Revenue, adjustments are already being made to the electronic application of the property tax ENFIA in order to complete the issuance of the new clearing notes as soon as possible.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Roberta Metsola Re-elected President of European Parliament](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023