Suspension of VAT on real estate: Ministerial Decisions published

The Ministerial Decisions detailing the application of the VAT suspension measure on real estate for three years were published in the Government Gazette. In particular, the first decision defines the procedure for granting a suspension of VAT, as provided by article 6 of the VAT Code (Law 2859/2000) as supplemented by article 39 of Law…

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ENFIA: new reduction

The government is planning new cuts to ENFIA by up to 20% in 2020 to relieve property owners who have been paying higher taxes in recent years. The Ministry of economics and development is seeking additional financial space in order to reduce the ENFIA and the solidarity levy by 2020. Finance Minister Christos Staikouras has…

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What changes in the process of transferring real estate

The fine of 100 euros for the notaries is retracted. A series of provisions is suspended until 30 June. Aim to thaw the real estate market. Corrective actions regarding the obligations of notaries in the process of drawing up property transfer contracts, with a retrospective lift of the fine of 100 euros in the event…

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