Taxation in India

The Russian government has unexpectedly decided to increase the excise duty on imported alcohol, wine, and cut flowers from "unfriendly countries," including Bulgaria.

The government of Moldova, led by Prime Minister Natalia Gravrilita, on Friday carried out its first reshuffle, almost a year after taking office, appointing former deputy head of the pro-Western Action and Solidarity Party, PAS, Vladimir Bolea, as Agriculture Minister.

The government is planning to submit to Parliament the first batch of handouts and tax discounts based on Prime Minister Alexis Tsipras's announcements at the Thessaloniki International Fair in September, with an eye on next year's general election.

The Panhellenic Federation of Property Owners (POMIDA) has voiced its opposition to the ENFIA property tax and the way it is calculated, pointing out the discrepancies between the market and taxable values of real estate in the country.

Tax office is calling property owners in Greece. 6.3 million owners will have to pay in total 3.153 billion euros in property tax (ENFIA 2017) for the time between September 2017 and January 2018.

The declarations for the so-called Unified Property Tax (ENFIA) were uploaded on taxisnet on Sunday evening, a week earlier than originally scheduled.

Greece remains among the least attractive destinations for foreign property buyers looking to make an investment. A list drafted by the Global Property Guide - an international provider of information for property investors - has placed this country 32nd among 36 states, as its prospects for an investor are seen as quite unattractive.

Properties are being sold at just a fraction of their "objective value" (the property price used for tax purposes), according to sale contracts uploaded on the Finance Ministry's online platform gsis.gr.

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 divergence between so-called "objective values," or property rates used for tax purposes and actual market prices, is as high as 70 percent in some cases, according to recent transaction data. It is a difference that continues to burden owners, buyers and sellers alike, even though objective values were adjusted downward a year ago.

The property rates used for tax purposes (known as "objective values") will not be adjusted before next year after all, and neither will the Single Property Tax (ENFIA).