Government wants to lower ENFIA property tax

Deputy Finance Minister Giorgos Mavraganis on Monday said the government is aiming at lowering the Uniform Real Estate Ownership Tax (ENFIA) as well as the maximum income tax rate for employees and pensioners to 32 percent from the current 42 percent.

"Our plans for the immediate future foresee a continuation in the lowering of tax burdens…utilising the stable fiscal balance, the creation of primary surpluses, a broader compliance and the transition to a period of growth which will allow (the implementation of) these measures,” Mavraganis said.

The finance ministry is also considering cutting the maximum income tax rates for employees and pensioners to 32 percent from 42 percent and cut income tax rates for businesses.
Mavraganis also said the government also hopes to abolish data currently used to determine real income thanks to the information that has been collected for tax payers and the use of modern auditing tools, possibly for incomes declared in 2015. 

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