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Tuesday, August 5, 2014

Greek Finance Ministry Admits to Property Tax Errors

According to Greek news, many accountants across the country are claiming that they found errors in the ENFIA, the revised property tax that was imposed on Greek citizens this year, with many properties being excessively overtaxed. The Greek Finance Ministry assumed responsibility for the error in an official statement admitting distortions and omissions that occurred due to the large number of special cases that are envisaged by the Greek law, which lead to wrong calculations and excessive property tax charges, especially to certain properties in rural areas. The errors were discovered after detailed examination of online applications. However, despite the ministry’s errors, payments still have to be submitted by the end of August, in order for the government to meet the target of 3.2 billion euros in revenue. Even in cases were the tax was miscalculated, Greek citizens are obligated to pay the sum and submit formal applications demanding new calculation of their property tax. However, if they pay more than they should, the difference will not be returned. The Finance Ministry noted that any overpayments will be subtracted from next year’s property taxes. In addition, a draft modification was submitted to the Greek Parliament stating the certain groups of people will not have to pay property tax. Meanwhile, it was estimated that almost 810,000 home-owners were called to pay less than 10 euros in property taxes.  


READ THE ORIGINAL POST AT greece.greekreporter.com