ENFIA: how much real estate owners will pay in 2022

In December, the Greek government will publish new data on the property tax ENFIA, which citizens will have to pay in 2022. According to the Ministry of Finance, the tax will be reduced for the vast majority of taxpayers.

According to the existing plan, the new ENFIA calculation will be accepted in January, and the payment will begin in March.

It has not yet been decided whether the payment will be split into 10 or 12 installments. If 10 installments are chosen, the last installment will be December 31, 2022, and if it is decided to split into 12 installments, the last installment will be paid on February 28, 2023.

The newly created working group is working tirelessly under the auspices of the Deputy Minister of Finance Apostle Vesiropoulos and is expected to present its final proposals within a month, and then the political leadership of the ministry will make the final decisions on the structure and rates of ENFIA.

Finance Minister Christos Staikuras, speaking about the new ENFIA, stressed that it will not be presented along with the budget, but assured that the government “wishes” that in 2022 even more Greeks pay a lower property tax than the one they pay the last two years (which “the current government has reduced, on average, 22%”).

According to the published data, by 2021, 68,542 companies and legal entities must pay 216.2 million euros in basic tax and 278.01 million euros in additional tax on their real estate. As a result, the total amount for legal entities this year is 494.2 million euros.

On the other hand, 7,180,009 individuals have to pay ENFIA in the amount of EUR 2.09 billion, of which the additional tax levied on property owners over EUR 250,000 is EUR 368.4 million.

If nothing changes in rates based on the new fair value, then the total tax will be more than 2.8 billion euros from the current 2.6 billion euros, that is, an additional tax of 200 to 250 million euros will be levied.

Of course this will not happen, because from the first moment the objective values ​​changed, the government made a commitment. The fiscal space that will result from higher prices in the zone will be used to recalculate ENFIA and reduce the “burden” for even more taxpayers. It should be noted that the increase in income from ENFIA will lead to the expansion of the system of objective determination of real estate prices to 3643 zones.

This additional income will be used not only to eliminate additional costs due to increased costs, but also to reduce, where possible, the total amount of the payment.

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