No change to ENFIA for this and next year after all

By Prokopis Hatzinikolaou

Greece?s proposal to its creditors includes the maintenance of state revenues from property taxation at 2.65 billion euros per year both for 2015 and 2016 ? i.e. the same target that was introduced and collected by the previous government in 2014.

This is one of the few measures that the government and the country?s creditors have apparently agreed on, pointing to the Single Property Tax (ENFIA) staying on for at least two years. This means that any reductions to property taxation as cited by government officials will be postponed until 2017 at the earliest.

While Deputy Prime Minister Yiannis Dragasakis and other government officials recently stated that tax revenues would be reduced by 1 billion euros and State Minister Nikos Pappas said the ENFIA tax would not be collected this year, the government is now claiming that revenues will come to 2.65 billion even after the adjustment of official property values.