Taxation in India

The moment of truth has arrived for six million Greek property owners. Taxisnet is now ready to offer notices concerning the joint property taxes (ENFIA) amounts that need to be paid by the end of October.

By Prokopis Hatzinikolaou

The Finance Ministry is promising a reduction on the Single Property Tax (ENFIA) by 30 percent by cutting the property rates used for tax purposes, known as ?objective values.?

 Government is mulling idea of postponing implementation of some key election pledges until next year

By Prokopis Hatzinikolaou

The new property tax that will replace the existing Single Property Tax (ENFIA) will likely have a very low tax-free threshold of between 20,000 and 30,000 euros, according to the Finance Ministry’s latest plans.

The Finance Ministry is planning a new real estate tax scheme aimed at replacing the controversial single property tax ENFIA that had been introduced by the previous government. Ethnos daily newspaper states that the new tax system will have a low tax limit for property under 50,000 euros and will rise according to the price of the property and family situation of the owner.

By Sotiris Nikas

By Prokopis Hatzinikolaou

By Prokopis Hatzinikolaou

Tax declarations will be more complicated from next year as taxpayers will have to declare all of their assets, including real estate, investments, mobile properties etc. The government hopes this will allow authorities to ascertain how able taxpayers are to pay their dues and help in the battle against tax evasion.

Public institutions and universities owe the Sofia Municipality some BGN 23 M in unpaid garbage fee and property tax installments.

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Croatia's new Office for Fighting Tax Evasion, which operates within the Croatian Ministry of Finance, has started working on cases of large-scale tax evasion.

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