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Economy

Greece to Further Reduce Uniform Real Estate Property Tax by 8%

ATHENS — The further reduction of the Uniform Real Estate Property Tax (ENFIA) by eight percentage points is still the government's intention and will be considered for 2022, Finance Minister Christos Staikouras said on Wednesday in an interview with Open TV.

He reiterated that there is the possibility of new cuts in taxes and levies from next year, although this will depend on the course of revenues. In any case, he said, there will be a clear picture in October, when the draft of the new budget will be submitted.

In particular he said that revenues seem up 2 billion euros compared to last year. The performance of industrial production and tourism was good. If this trend continued, due to the turmoil in health worldwide, there will be a better picture of the country's development in 2021. "When we have all this data, we will weigh it and submit the draft budget for 2022 on early October. Then we will have a picture for the fiscal space of 2022, so we will have a picture – which we will obviously anticipate at the Thessaloniki International Fair (TIF) – of what possibilities we will have to proceed with further reductions of taxes and contributions," he said.

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