New property tax regime pending

[Ellinas]

The government aims to simplify property taxes with the introduction of a single property tax, around 1-2 per thousandth of a property's objective value, Economy and Finance Minister George Alogoskoufis clarified on Tuesday.

In an interview, the minister said the aim was for citizens pay a small duty for their real estate holdings (excluding the first home), similar to the regime in most other developed countries around the world.

"We want to simplify property taxation by abolishing a series of taxes that create problems, such as the inheritance tax, but we also want to deal with wide-scale tax-evasion in the real estate sector. A great deal more property owners will pay under this new system," he noted.

Alogoskoufis underlined that municipal taxes and duties were not going to be affected, while the government will maintain a Value Added Tax on new building constructions.

"We will present our proposals for a single property tax and we will hear all the views of interest parties on the issue. New legislation will be introduced as of next year," Alogoskoufis said.

Commenting on a high-profile plan to harmonise fuel taxes on heating and diesel oil, part of a plan to combat massive sector-wide tax-evasion, Alogoskoufis said all citizens buying heating oil will get a tax refund through banks.

ANA

[Ellinas]

KKE and Synaspismos will not participate in the dialogue:
To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.