Gov't gives up on farms' objective value

The government has practically admitted its inability to calculate the taxable value of farmland by extending its exemption from the supplementary property tax for another two years, according to a new tax bill tabled in Parliament on Friday. The draft law also provides for the lifting of professional data protection for the professional categories it applies to, upon the request of the head of the Independent Authority of Public Revenue.

The supplementary tax is the property tax on top of ENFIA paid by owners whose properties add up to more than 200,000 euros in objective value terms. In 2015 the government and the country's creditors extended the supplementary tax to include farmland too. However, this was not implemented in practice last year so farmland had to be exempted, and it will apparently be the same for 2017 and 2018 too, as the state has yet to find a reliable...