Property tax

Thousands of property owners who had changes in their real estate ownership during 2024 must proceed with corrections, additions or deletions in the property status form (E9) by January 31 in order to avoid additional charges.

The Interior Ministry is set to return to the 2024 pricing policy for the "burial fee" on waste disposal, aiming to reduce the financial burden on municipalities.

Türkiye's real estate market showed remarkable growth in 2024, with property sales reaching 3,065,872, a 3.9 percent increase from the previous year.

This surge in activity has significantly boosted government coffers, with deed fees soaring to 96.13 billion liras, marking a 60 percent rise from 2023.

Property rates used for tax purposes ("objective values") in the Elliniko area are changing again, adding to most property taxes on the so-called Athens Riviera.

Taxes in excess of 5 billion euros will be paid every month from January 2025 by taxpayers and businesses, with total receipts approaching €70 billion next year, an increase of €2.5 billion compared to the current year.

By mid-February, insured property owners must submit an application to the myProperty platform in order for the Independent Authority for Public Revenue to proceed with the reduction of the Single Property Tax (ENFIA) by 20%.

After completing the applications, insurance companies must confirm the information provided.

A first elaboration of what the Prime Minister announced on Sunday afternoon was made by the Minister of State Akis Skertos, in an interview with Antenna.

The taxes that individuals and businesses must pay during December amount to 5.5 billion euros.

The payment of income tax, Single Property Tax (ENFIA), value-added tax (VAT) and road tax are the most important obligations that taxpayers must cover by December 31.

Homeowners who rent closed properties or convert property from short-term to long-term leases will be able to exempt tax on income derived from those rentals, under new rules. This exemption for rental income will appear on the statements on the 2025 tax returns.

The government has requested a complete list of all properties held by the funds through their respective companies (Real Estate Owned Companies - REOCOs), in an effort to increase the stock of properties that could be immediately placed on the market.