Single tax on real estate for real estate of 50,000 euros and above

 

As announced by the Finance ministry, at today's meeting under deputy Finance minister George Mavraganis, the bipartisan commission has examined the level of tax exemption. According to reports, it found that if the tax-free limit is entered at a higher level (e.g. 100,000 euros), then, the measure may not yield the necessary revenues.

 

Much concern is caused by the taxation of land parcels. Officials at the meeting discussed all eventualities, either to tax them like those within urban planning areas or independently, with a specific scale and rates.

 

This issue, like the new scale of taxation of real estate, is expected to close next week, in a new meeting under John Stournaras. If the parties supporting the government come to an agreement, the final draft will be submitted for approval to the political leaders who support the government.