Greece’s Finance Ministry is set to implement an automated system that will temporarily revise objective property values, for up to six months. This mechanism will be triggered whenever the Council of State or another court invalidates the official property evaluation rates for specific regions of the country.
More specifically, a legislative amendment was introduced on Tuesday establishing a temporary automatic system for determining transitional starting values for calculating property objective values.
According to the new system and until a new ministerial decision is issued to determine updated objective property values, the starting value will be, first of all, based on the average of the annulled starting value and the most recent valid starting value preceding it; or it will be based on a 30% reduction of the annulled starting value, if no prior valid value exists.
These provisional objective values will serve as the basis for calculating property transfer taxes and the Unified Property Tax (ENFIA).
The temporary objective values determined by the system will be valid for a maximum of six months.
The new provision mandates that within six months of receiving a court annulment decision, a ministerial decision must be issued to set new objective values.
For court decisions issued before this provision takes effect, the new starting values must be published by April 15, 2025.
This system ensures a smoother transition in property valuation and taxation following judicial rulings that impact property zone pricing.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
The Life of Former Prime Minister Kostas Simitis
Former Minister Kostas Simitis played a defining role in shaping Greece’s economic and political landscape at the turn of the millennium
Four Days of National Mourning for Passing of Kostas Simitis
Four days of national mourning have been declared for the death of former Prime Minister Kostas Simitis
Former Greek Prime Minister Kostas Simitis Dies at 88
Kostas Simitis, Greece’s former Prime Minister, died this morning, January 5, at the age of 88.
