- The tax-free amount of the tax for the beneficiaries of the A’ category of the tax scale for donations and parental benefits of assets and monetary amounts is increased to 800,000 euros and
- Donations and parental benefits of assets and sums of money made from 1.10.2021 onwards are NOT included in the cause of death acquisition of property between the same persons.
The following is Article 3 of the amendment in its entirety:
Article 3
Increasing the tax-free amount of donations and parental benefits of assets, sums of money – Amendment article 44 of Law 2961/2001
- In article 44 of the Code of Provisions on taxation of inheritances, donations, parental benefits and gambling profits, which was sanctioned by the first article of n. 2961/2001(A’ 266): a) paragraph a) of paragraph 1 is updated, b) paragraph 1a is added, c) paragraph 2 is amended in terms of increasing the tax-free amount for donations and parental benefits of assets and sums of money and the non-inclusion thereof in the cause of death acquisition of property, and the above paragraphs are formulated as follows:
“1. The remainder of the property, other than monetary amounts, acquired as a result of a donation or parental benefit, which remains after the deduction of the deductions and exemptions provided for in articles 41 and 43, is subject to tax, which is calculated in accordance with the provisions of article 29 , which are applied accordingly.
From the resulting tax is deducted: a) the tax corresponding to previous donations and parental benefits, which are included in accordance with article 36, with an analogous application of the provisions of article 31, and b) the tax that was demonstrably paid or definitively and definitively assessed abroad for the donations and parental benefits of mobile phones made there, with an analogous application of the provisions of the article 32.
1a. Especially the donation or parental provision to the persons who fall under the A’ category of par. 1 of article 29 of any asset, as well as the donation or parental provision of sums of money, which is carried out by transferring money through financial institutions, are subject to tax, which is calculated at a rate of ten percent (10), after deducting the one-time tax-free amount of eight hundred thousand (800,000) euros. The donations and parental benefits of the previous paragraph are not included in the cause of death acquisition of property between of these persons. By decision of the Minister of Finance, issued after a recommendation by the Governor of A.A.D.E., every detail for the implementation of this may be specified.
- The cause of donation or parental provision acquisition of sums of money, other than those provided for in par. 1a, is subject to tax, which is calculated independently at a rate of ten percent (10%), in order for beneficiaries belonging to the A’ category, with a factor of twenty percent (20%), for beneficiaries belonging to the 8th category and with a factor of forty percent (40%), for beneficiaries belonging to the C’ category.”.
- Paragraph 1 applies to donations and parental benefits, which are introduced from October 1, 2021. Donations and parental benefits that have been carried out until this date are not included in accordance with article 36 , on the inclusion of previous donations and parental benefits.
And regulation for ENFIA 2021
Article 1 of the amendment tabled in the same bill provides for the possibility of paying the Uniform Property Ownership Tax (ENFIA) 2021 in six (6) equal monthly installments and, in particular, the payment of the first and second installments of the EN.F.I.A. 2021until the last working day of the month of October 2021and of each of the following installments until the last working day of the following four (4) months, in order to facilitate taxpayers, natural and legal persons and legal entities in the payment of their tax obligations.
Article 1 of the amendment is listed below in its entirety:
Article 1
Payment of Uniform Property Ownership Tax for the year 2021 – Amendment of par. 1 no. 8. Law 4223/2013
The last paragraph ofpar. 1 no. 8. Law 4223/2013 (A’ 287), on the payment of the Uniform Property Ownership Tax (ENFIA) for the year 2021, is amended by providing the possibility to pay the first and second installments until the last working day of the month of October 2021 and par. 1 is formulated as follows:
“1. EN.F.I.A. is paid in one lump sum until the last business day, for public services, day of the following month from the issuance of the tax assessment act or in equal monthly installments, each of which cannot be less than ten (10) euros, and of which the first installment is paid by the last working day of the month following the issuance of the tax assessment act, subsequent installments by the last working day of each following month and the last installment is paid by the last working day of January of the following year.
Especially for the year 2014, the last installment is paid until the last working day of February of the year 2015. Since the act of determining the tax has been issued until July 31, 2014, the first installment is paid by September 30, 2014.
Tax amounts up to one (1) euro are not certified and are not required.
Especially for the year 2015, as long as the tax determination document has been issued by October 26, 2015, the first installment is paid by October 30, 2015. The last installment is paid by and the last working day of the month of February of the year 2016.
Specifically, for the year 2016 the first installment is paid until September 30, 2016 and the last until on January 31, 2017.
Specifically, for the year 2017 the first installment is paid until September 29, 2017 and the last until January 31, 2018.
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Especially for the year 2018, if the tax determination deed is issued within September 2018, the first installment is paid by September 30, 2018.
Especially for the year 2019, if the tax determination act is issued by September 16, 2019, the first installment is paid by September 30, 2019.
Especially for the year 2020, the Unified Property Ownership Tax (EN.F.I.A.) is paid in six (6) equal monthly installments. The first and second installments can be paid until the last working day of the month of October 2020 and each of the following, until the last working day of the following four (4) months.
Especially for the year 2021, the Unified Property Ownership Tax (EN.F.I.A.) is paid in six (6) equal monthly installments, The first and second installments can be paid until the last working day of the month of October 2021 and each of the following, until the last working day of the following four (4) months.”
